CANADA STOCKS-TSX futures gain ahead of US-Iran talks as oil rises

BY Reuters | ECONOMIC | 04/10/26 05:38 AM EDT

* TSX futures up 0.24%

* U.S. CPI and Canada jobs data due at 8:30 a.m. ET

April 10 (Reuters) - Futures for Canada's main stock index edged higher on Friday, supported by firm oil prices as uncertainty over the Strait of Hormuz persisted ahead of U.S.-Iran peace talks.

June futures on the S&P/TSX index were up 0.24%, or 4.70 points, at 05:21 a.m. ET (09:21 a.m. GMT).

* Iran cited Israel's ongoing attacks on Lebanon as a key sticking point in the ceasefire ahead of talks with the U.S. in Islamabad on Saturday.

* Oil prices gained with little sign of the Strait of Hormuz reopening as only a few vessels sailed through the narrow sea passage in the first 24 hours of the ceasefire.

* Futures tracking U.S. West Texas Intermediate crude hovered near $100 a barrel, but was headed for a 10% weekly drop.

* Spot gold eased 0.2%, still on track for weekly gains with investors pricing in earlier and deeper U.S. rate cuts.

* Canada's benchmark stock index closed 0.4% lower on Thursday, dragged down by energy and tech stocks.

* Investors await U.S. inflation data and Canada's March jobs report, scheduled for release at 8:30 a.m. ET.

* In after the bell results on Thursday, telecom firm Cogeco (CGECF) lowered its full-year revenue outlook on weakness in U.S. telecom segment and media activities.

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Canadian markets directory (Reporting by Utkarsh Tushar Hathi; Editing by Sahal Muhammed)

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