TSX Futures Rise on Progress in US-Iran Talks

2026-05-25 12:45 By Isabela Couto 1 min. read

Futures tracking the S&P/TSX Composite Index rose on Monday, supported by signs that the US and Iran are nearing a peace agreement.

US President Donald Trump said on Saturday that a memorandum of understanding on a potential deal with Iran was “largely negotiated,” while both countries and mediators in Pakistan pointed to progress in talks.

Oil prices fell below $100 per barrel on hopes that an agreement could reopen the Strait of Hormuz, easing stagflation concerns and lowering bond yields, which supports banks and the broader index.

Investors also awaited quarterly earnings from major Canadian lenders, including Royal Bank of Canada, TD Bank, and Bank of Montreal, due later this week.

Optimism surrounding AI-related tech stocks has been giving support to Canadian technology shares.

Meanwhile, gold prices rose, supporting mining stocks, while energy shares are expected to face pressure from lower crude prices.



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TSX Futures Rise on Progress in US-Iran Talks
Futures tracking the S&P/TSX Composite Index rose on Monday, supported by signs that the US and Iran are nearing a peace agreement. US President Donald Trump said on Saturday that a memorandum of understanding on a potential deal with Iran was “largely negotiated,” while both countries and mediators in Pakistan pointed to progress in talks. Oil prices fell below $100 per barrel on hopes that an agreement could reopen the Strait of Hormuz, easing stagflation concerns and lowering bond yields, which supports banks and the broader index. Investors also awaited quarterly earnings from major Canadian lenders, including Royal Bank of Canada, TD Bank, and Bank of Montreal, due later this week. Optimism surrounding AI-related tech stocks has been giving support to Canadian technology shares. Meanwhile, gold prices rose, supporting mining stocks, while energy shares are expected to face pressure from lower crude prices.
2026-05-25
TSX Edges Higher on Iran-US Talks
The S&P/TSX Composite Index edged up 0.2% to close at 34,471 on Friday, supported by a strong session in US equities and cautious signs of progress in negotiations between Iran and the US. Iran’s foreign minister met with Pakistan’s interior minister to discuss proposals aimed at narrowing differences between Tehran and Washington, according to Iranian media reports. Financial stocks advanced, with Royal Bank of Canada up 0.5% and TD Bank gaining 0.9%. Consumer discretionary shares also supported the index, led by a 2.5% rally in Magna International. Meanwhile, lower gold prices pressured mining stocks as elevated oil prices sustained lingering inflation concerns and expectations of a possible US interest rate hike later this year. Agnico Eagle fell 0.9% and Barrick lost 1.2%.
2026-05-22
TSX Edges Higher
The S&P/TSX Composite Index edged up to trade above 34,500 on Friday, benefiting from a strong session in the US amid cautious signs of progress between Iran and US in their conflict. US Secretary of State Marco Rubio said there had been “some good signs” in negotiations to end the nearly three-month-old conflict involving the US, Israel, and Iran, though major disagreements remained over Tehran’s uranium stockpile and control of the Strait of Hormuz. Banks traded higher, with BMO up 0.5% and TD Bank gaining nearly 1%. Meanwhile, lower gold prices pressured mining shares as inflation fears reinforced expectations of a possible US interest rate hike later this year. Agnico Eagle shed more than 1% and Barrick lost over 1.5%. Investors also awaited quarterly earnings from major Canadian banks due next week.
2026-05-22