FX.co ★ TSX Futures Ease After Record High

Futures linked to the S&P/TSX Composite Index slipped on Wednesday, following a record close for the benchmark in the previous session, as a renewed round of strikes between the US and Iran weighed on hopes for a peace deal. Crude prices advanced amid growing skepticism about an agreement that could reopen the Strait of Hormuz, rekindling worries over energy-driven inflation and the prospect of higher borrowing costs. At the same time, gold prices retreated, putting pressure on mining shares. In corporate news, Shopify said its board had authorized an additional $3 billion share repurchase program. On the trade front, Canada’s minister responsible for Canada–US trade, Dominic LeBlanc, described talks with US officials on the review of the countries’ free trade agreement as constructive, while offering few details on the discussions.