Futures tied to Canada's main stock index fell on Tuesday as the Iran-Israel conflict entered its fifth day, with investors fleeing to safe-haven assets on fears that the tensions could spiral into broader regional unrest.
The TSX Composite Index picked up 64.26 points to close Monday at 26,568.61
Futures were down 0.2% Tuesday.
The Canadian dollar inched up 0.07 cents to 73.74 cents U.S.
In corporate news, women's clothing retailer Groupe Dynamite beat analysts' estimates for first quarter profit and revenue.
In a surprise move on Monday, Canadian Prime Minister Mark Carney said he had agreed with Trump that their two nations should try to wrap up a new economic and security deal within 30 days.
Economically speaking, Statistics Canada reported Canadian investors acquired $4.1 billion of foreign securities in April, led by the highest investment in US government bonds since November 2023. Meanwhile, foreign investors reduced their exposure to Canadian securities by $9.4 billion in April 2025, led by the highest monthly divestment in Canadian bonds since December 2018.
ON BAYSTREET
The TSX Venture Exchange recovered 4.25 points Monday to 725.38.
ON WALLSTREET
Stock futures were lower on Tuesday as investors pored through the latest developments in the Middle East, with the conflict between Israel and Iran raging on.
Futures for the Dow Jones Industrials fell 201 points, or 0.5%, to 42,663.
Futures for the S&P 500 index sank 27.75 points, or 0.5%, to 6,061.75
Futures for the NASDAQ surrendered 110.75 points, or 0.5%, to 22,057.50.
On Monday evening, President Donald Trump said in a Truth Social post that “Everyone should immediately evacuate Tehran.” Trump also left the G7 summit in Canada early to deal with the situation in the Middle East.
French President Emmanuel Macron said Monday that Trump offered a ceasefire between Iran and Israel. However, Trump said his departure from the G7 had “nothing to do with a Cease Fire. Much bigger than that.”
In Japan, the Nikkei 225 index pushed higher 0.6% Tuesday, while in Hong Kong, the Hang Seng dropped 0.3%
Oil prices recaptured $1.43 to $73.20 U.S. a barrel.
Gold prices lost $3.70 to $3,435.60 U.S. an ounce.
