TSX futures down 0.32%
Oil above $100 a barrel
April 13 (Reuters) - Futures linked to Canada’s main stock index edged lower on Monday, as hopes for an end to the Middle East conflict waned after weekend talks between the U.S. and Iran failed and Washington announced its own blockade of the Iranian coast.
June futures on the S&P/TSX index SXFcv1 were down 0.32% at 6:13 a.m. ET (10:13 GMT).
The U.S. military's blockade of all maritime traffic entering and exiting Iranian ports and coastal areas is scheduled to begin at 10 a.m. ET on Monday.
U.S. President Donald Trump said on Sunday that U.S. forces would also intercept every vessel in international waters that had paid a toll to Iran.
Oil prices surged 8% to cross $100 a barrel, with futures for U.S. West Texas Intermediate crude CLc1 hovering near $105 a barrel. O/R
Spot gold XAU= and silver XAG= hit a near one-week low, down 0.6% and 2%, respectively, as higher oil prices stoked inflation fears and traders trimmed their expectations for Federal Reserve rate cuts this year. GOL/
Canada's benchmark stock index .GSPTSE had posted its third straight week of gains on Friday, led by commodity and tech stocks.
Meanwhile, waste management company GFL Environmental GFL.TO is nearing a deal to buy Secure Waste Infrastructure SES.TO in a C$6 billion ($4.33 billion) deal, Bloomberg News reported on Monday.
Oil giant BP BP.L has agreed to buy interest in three offshore exploration blocks in Namibia from Canada's Eco Atlantic Oil & Gas EOG.V.
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(Reporting by Utkarsh Hathi in Bengaluru; Editing by Jonathan Ananda)
((utkarshtushar.hathi@thomsonreuters.com; 91-9900310515))
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