May 12 (Reuters) - Futures for Canada's main stock index edged lower on Tuesday as hopes for a U.S.–Iran peace deal faded, lifting crude oil prices and hitting risk sentiment worldwide.
June futures on the S&P/TSX index were down 0.1% at 6:35 a.m. ET (1035 GMT).
U.S. President Donald Trump called the ceasefire with Iran "on life support" with Tehran rejecting a U.S. proposal to end the conflict and proposing a list of demands that Trump dismissed as "garbage."
Oil prices rose above 3% as stark differences between Tehran and Washington on a peace proposal brought supply concerns again to the fore.
Spot gold and silver were down 0.8% and 2.7% respectively as the dollar rose, clouding the U.S. interest rate outlook ahead of key inflation data.
Investors await U.S. inflation data scheduled for release at 8:30 a.m. ET.
The Toronto Stock Exchange's S&P/TSX Composite Index (.GSPTSE), hit its highest level in nearly three weeks on Monday, supported by gains in oil and metal stocks.
Canada is investing $2 million in an economic hub in the Philippines backed by the United States and Japan, its trade minister Maninder Sidhu said in an interview during his visit to Manila.
Bank Of Montreal (BMO.TO), signs an agreement to sell transportation, vendor finance businesses to Stonepeak.
On the earnings front, chemicals supplier Chemtrade's (CHE_u.TO), first-quarter revenue and EBITDA missed estimates.
Cannabis producer Organigram's (OGI.TO), second-quarter net revenue falls more than expected and missed analyst estimates.
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Reporting by Tharuniyaa Lakshmi in Bengaluru
