FX.co ★ TSX Futures Edge Lower

Futures tracking the TSX slipped on Friday as oil prices inched higher, with supply concerns lingering despite reports that Saudi Arabia was channeling additional crude through Oman. U.S. President Trump signaled that Washington could re-escalate strikes against Iran after recent outreach between Tehran, the United States, and GCC states failed to restore maritime oil shipments. Canadian government bond yields moved higher amid ongoing worries over energy-driven inflation, weighing on credit-sensitive equities. At the same time, gold prices held firm, providing some support to mining shares. The S&P/TSX Composite Index is on track for a weekly loss as the earlier oil rally faded and markets had largely already priced in the U.S. Federal Reserve’s 25 bps rate increase.