CANADA STOCKS-TSX futures slip as Middle East conflict stokes inflation worries

March 6 (Reuters) - Futures tracking Canada's resource-heavy benchmark index edged lower on Friday, as a surge in oil prices following the Middle East conflict fanned fears of a spike in inflation.

March futures on the S&P/TSX composite index SXFcv1 were down 0.24%, as of 5:44 a.m. ET.

Oil prices extended gains and were on track for their sharpest weekly rise since Russia launched its full-scale invasion of Ukraine in February 2022, after shipping and energy exports through the Strait of Hormuz were disrupted. O/R

The U.S. House of Representatives on Thursday rejected a measure aimed at halting President Donald Trump's war on Iran, which entered its seventh day on Friday.

Brent crude futures LCOc1 and U.S. West Texas Intermediate crude futures CLc1 rose 2.3% and 4.1%, respectively.

Meanwhile, the U.S. dollar index =USD was on track for its highest weekly gain since September 2024.

Spot gold XAU= was poised for its biggest weekly decline in nine, even as demand for the safe-haven asset pushed up prices on Friday. Silver XAG= and copper HGc1 also gained. GOL/

A fall in miners' shares had dragged down Toronto's benchmark index .GSPTSE to a two-week low on Thursday.

In corporate news, pipeline operator South Bow said it has moved to revive parts of Keystone XL pipeline, a move that could boost Canada's crude exports to the U.S. by more than 12%.

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