TSX Futures Rise Amid Hopes for Mideast Peace Deal

Futures linked to Canada's TSX index rose by 19 points on Tuesday, as gold prices climbed and oil slipped amid hopes for a Middle East peace deal.

The S&P/TSX 60 index standard futures contract gained 0.9%, with the Toronto Stock Exchange closed on Monday due to a holiday.

U.S. stock index futures also advanced, driven by mixed messaging around potential U.S.-Iran ceasefire negotiations and upcoming earnings from Elon Musk's SpaceX.

Oil prices erased earlier gains after news of diplomatic efforts to secure a peace deal in the Middle East.

Gold firmed as oil prices slid, with concerns around inflation and central bank interest rate hikes easing.