CANADA STOCKS-TSX futures down 1% as oil, gold prices fall

BY Reuters | ECONOMIC | 07:01 AM EDT

* TSX futures down 1.2%

* Oil slips, gold down nearly 2%

* Shopify (SHOP) to ban all vapes as soon as this week

June 23 (Reuters) - Futures tracking Canada's blue-chip stocks edged lower on Tuesday as oil fell on easing supply concerns, while gold prices dropped amid expectations that the U.S. Federal Reserve could hike interest rates.

September futures on the S&P/TSX index were down 1.2% at 6:45 a.m. ET (1045 GMT).

* Oil prices fell for a second straight session amid easing supply concerns tied to progress in restoring shipments through the vital Strait of Hormuz.

* Spot gold and silver declined 1.5% and 4.4%, respectively, as expectations of further Fed rate hikes lifted the dollar.

* The U.S. waived sanctions on Iran for 60 days from Monday after the first talks under a nascent peace deal, with U.S. President Donald Trump saying he will "do what I have to do" if Iran does not stick to its side of the agreement.

* Canada's S&P/TSX Composite Index snapped a three-day losing streak on Monday, led by metal mining shares, as investors assessed fragile U.S.-Iran peace talks and hotter-than-expected domestic inflation data.

* Meanwhile, e-commerce platform Shopify Inc (SHOP) will ban all vapes from its platform as soon as this week following pressure from a group of U.S. state attorneys general aiming to curb sales of illegal e-cigarettes online, according to two sources familiar with its plans.

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Canadian markets directory (Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Jonathan Ananda)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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