TSX Futures Soar as Oil Prices Plummet Amid US-Iran Diplomatic Hopes

Futures tracking the S&P/TSX Composite Index moved higher on Monday as oil prices tumbled following a pause in hostilities between the US and Iran. The decline in crude prices eased energy-driven inflation concerns, pushing Canadian bond yields lower.

This, in turn, supported financials and the broader market, with gold prices advancing as lower US Treasury yields boosted demand for the metal. Mining stocks also benefited from this trend.