FX.co ★ TSX Futures Dip Amid Middle East Tensions

Futures tied to the S&P/TSX Composite Index declined on Monday, in line with global equity losses, as escalating tensions in the Middle East heightened concerns about a prolonged conflict. Investors evaluated the potential disruption to energy markets—particularly oil shipments through the Strait of Hormuz—which pushed crude prices higher and strengthened demand for safe-haven assets such as gold, bolstering mining and energy stocks. Separately, Prime Minister Mark Carney stated that Canada and India aim to finalize a free trade agreement by the end of the year, and the two countries announced a $2.6 billion uranium deal under which Cameco will supply nuclear fuel to India.