Futures linked to Canada's main stock index inched higher on Wednesday, as progress in U.S.-Iran negotiations offset lingering inflation concerns that kept bond yields elevated.
The TSX Composite Index lost 92.11 points to wind up Tuesday at 33,741.24.
June futures were up 0.07% Wednesday.
The Canadian dollar lost 0.1 cents to 72.63 cents U.S.
U.S. President Donald Trump said on Tuesday the war in the Middle East would be over "very quickly", while Vice President J.D. Vance talked up progress in negotiations for a peace deal.
ON BAYSTREET
The TSX Venture Exchange evaporated 31.58 points, or 3.2%, to conclude Tuesday to 957.25.
ON WALLSTREET
Stock futures moved higher Wednesday, thanks in part to a decline in oil prices, as traders looked ahead to the release of Nvidia’s first-quarter earnings report.
Futures for the Dow Jones Industrials gained 81 points, or 0.2%, to 49,540
Futures for the S&P 500 picked up 22.5 points, or 0.3%, to 7,400.50.
Futures for the NASDAQ sprinted 179.5 points, or 0.6%. to 29,103.75.
West Texas Intermediate futures shed 1.9% to trade at $102.14 per barrel. Brent crude pulled back 2% to $109.03.
Investors are turning their attention toward Nvidia, which reports its first-quarter earnings after the close. The report will be an important view into the artificial intelligence trade and provide the latest update on demand for chips.
Target shares climbed nearly 2% after the retailer reported a beat on first-quarter numbers and hiked its full-year sales outlook.
In Japan, the Nikkei 225 descended 1.2% Wednesday, while the Hang Seng index in Hong Kong lost 0.6%.
Oil prices dropped $2.66 to $101.49 U.S. a barrel.
Gold prices dulled $13.60 to $4,497.60 U.S an ounce.
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