Futures tracking Canada's blue-chip stocks edged higher on Tuesday as U.S. President Donald Trump said at the G7 summit that Washington's deal with Iran was going to the second stage, even as fundamental questions about the agreement remained unanswered.
The TSX Composite Index soared 337.79 points, or 1%, to end Monday at 35,275.64.
June futures edged up 0.2% Tuesday.
The Canadian dollar edged downward 0.06 cents to 71.40 cents U.S.
Doubts swirled around the interim deal to end the war in the Middle East as shippers said it could take weeks for confidence to return after any reopening of the Strait ?of Hormuz, and both countries said a permanent truce was yet to be negotiated.
On the economic slate, data from the Canadian Real Estate Association showed Canadian home sales rose 5.5% in May, making up some ground after a slow start to the typically active spring market, ?and prices edged lower.
Elsewhere, foreign investors acquired $46.9 billion of Canadian securities in April, led by a record investment in federal government bonds.
Meanwhile, Canadian investors sold $11.4 billion of foreign securities, following five consecutive monthly investments totalling $70.3 billion.
ON BAYSTREET
The TSX Venture Exchange hiked 20.59 points, or 2.2%, Monday to 979.82.
ON WALLSTREET
Stock futures were little changed Tuesday, while SpaceX built on its monster post-IPO rally, after the Dow Jones Industrial Average climbed to a fresh record during the previous session thanks to a potential deal between the U.S. and Iran.
Futures for the Dow Jones Industrials hiked 52 points, or 0.1%, to 51,794.
Futures for the S&P 500 index eked up 6.75 points, or 0.1%, to 7,568.
Futures for the NASDAQ Composite 91.75 points, or 0.3%, to 30,651.
SpaceX popped 5% in premarket trading, adding to its sharp gains since going public last week. The company priced its initial public offering at $135. It traded around $208 before the bell, 54% above.
Pakistani Prime Minister Shehbaz Sharif said that both sides have declared the termination of their military operations on all fronts, with an official signing ceremony to take place this Friday in Switzerland.
A senior Trump administration official told the media that the memorandum of understanding was already signed electronically on Sunday.
In Japan, the Nikkei 225 poked up 0.1% Tuesday, while in Hong Kong, the Hang Seng dived 1.4%.
Oil prices demurred $2.33 to $78.42 U.S. a barrel.
Gold prices jumped $10.50 to $4,362.10 U.S an ounce.
