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2026.05.1212:50:48UTC+00TSX Futures Slip as US-Iran Peace Hopes Fade

Futures linked to the S&P/TSX Composite Index slipped on Tuesday, as fading prospects for a US-Iran peace deal pushed oil prices higher and dampened global risk appetite. Crude advanced after renewed tensions between Tehran and Washington over a proposed peace framework reignited worries about potential supply disruptions. Persistently elevated energy costs kept stagflation concerns at the forefront, pressuring financial stocks and the broader market.

At the same time, gold prices retreated as the US dollar strengthened in the wake of inflation data that came in slightly above expectations, muddying the outlook for the Federal Reserve’s interest-rate path.

In corporate news, Bank of Montreal agreed to sell its transportation and vendor finance businesses to Stonepeak. Chemtrade Logistics reported first-quarter revenue and EBITDA that missed analyst estimates, while Organigram posted a steeper-than-expected drop in second-quarter net revenue. Constellation Software and Franco-Nevada are both scheduled to release their first-quarter 2026 earnings after the market close.

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