Futures linked to Canada’s main stock index ticked higher on Friday, as investors kept tabs on developments in the Iran war and elevated oil prices.
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By 07:29 ET (11:29 GMT), the S&P/TSX 60 index standard futures contract had risen by 5 points, or 0.3%.
On Thursday, the S&P/TSX composite index fell by 0.8% to 32,840.60 -- its lowest closing level since February 12.
While a spike in crude prices underpinned energy shares in the commodities-heavy index, these gains were offset by a slump in financial and industrial sector stocks. The materials group, which includes metal mining shares, also dropped, weighed down by a decline in goldprices.
U.S. futures rise
Futures linked to the main U.S. stock indices also moved higher, erasing earlier losses, even as oil prices floated near $100 a barrel amid continued fighting in the Middle East.
By 07:40 ET (11:40 GMT), the Dow futurescontract had risen by 125 points, or 0.3%, S&P 500 futures gained 20 points, or 0.3%, and Nasdaq 100 futures had climbed by 73 points, or 0.3%.
The main averages on Wall Street sank in the previous session, weighed down by few indications that the fighting in the Middle East will soon abate.
Now well over a week old, the joint U.S.-Israeli assault on Iran has shown few signs of abating, with President Donald Trump saying Washington is "totally destroying" Iran’s military and economy.
