TSX futures slip as bond yields rise on Mideast uncertainty

Kitco Media
By Reuters
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Reuters
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Aug 18 (Reuters) - Futures tracking Canada's main stock index edged lower on Tuesday as rising global bond yields and ​continued uncertainty in the Middle East kept investors ‌wary of riskier bets.

September futures on the S&P/TSX index were down 0.2% at 6:08 a.m. ET.

Oil prices gained as hopes ​of a U.S.-Iran peace deal faded, with ​Iran threatening a new offensive and the United ⁠States ruling out extending the ceasefire deal.

Brent crude futures ​traded around $91.06 per barrel, while West Texas Intermediate crude ​hit $85 a barrel.

Gold prices slipped 0.5%, pressured by higher Treasury yields and oil prices, while traders awaited minutes of the ​U.S. Federal Reserve's July policy meeting, due Wednesday, for ​interest rate outlook.

On the domestic front, home sales rose for a fourth ‌straight ⁠month in July, according to data from the Canadian Real Estate Association.

Separately, Canada faces a new round of 50% U.S. tariffs this week, with negotiators for the ​two neighbors still ​far from ⁠reaching a draft trade deal.

In company news, NexGen Energy (NXE.TO), is sharing information and "talking regularly" ​with mining giant BHP about its Rook ​I ⁠mining project in Saskatchewan, CEO Leigh Curyer told Reuters on Monday, when asked about a potential equity stake.

FOR CANADIAN ⁠MARKETS ​NEWS, CLICK ON CODES:

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Reporting ​by Sudeshna Ghoshal in Bengaluru; Editing by Joyjeet Das

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