CANADA STOCKS-TSX futures rise on commodity rally amid widening Mideast war

March 30 (Reuters) - Futures tied to Canada's resources‑heavy stock index edged higher on Monday, as commodity prices climbed amid a widening U.S.-Israeli war with Iran that has entered its fifth week.

June futures on the S&P/TSX composite index SXFcv1 were up 0.7%, as of 05:02 a.m. ET.

• The risk of a wider Iran war intensified on Saturday as Yemen's Iran-aligned Houthi rebels launched their first missile attack on Israel since the conflict began, marking a dangerous expansion of the battlefield.

• Brent crude has surged 59% so far this month, its sharpest monthly rally on record and even stronger than the gains seen during the 1990 Gulf War. O/R

• The rally pushed futures above $116 a barrel on Monday, underscoring the intensity of the supply shock and heightened geopolitical tensions.

• Gold rose, supported by a weaker dollar and value-buying. GOL/

• Market participants now expect the Bank of Canada to deliver three rate hikes this year, compared with earlier bets that policy would remain unchanged. 0#CADIRPR

• Canada's main stock index .GSPTSE climbed 2.1% last week, rebounding after three straight weeks of losses. March could be its worst month since June 2022 if broader losses hold.

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