Canada Stocks-Futures edge higher as investors weigh Middle East tensions; inflation data in focus

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(Reporting by Sudeshna Ghoshal in Bengaluru; Editing by Sahal Muhammed)

Futures tracking Canada's blue-chip stocks edged higher on Monday, steadying after recent jitters in the tech sector, while escalating U.S.-Iran tensions and a domestic inflation report later in the day kept investors cautious.

September contracts tracking the resources-heavy S&P/TSX Composite Index SXFc1 were up 0.3% at 7:55 a.m. ET.

• The focus will be on June inflation data, due at 8:30 am ET. Economists polled by Reuters anticipate price pressures to rise 2.9% in June, cooling from a 3.2% rise in the month before.
• Traders see a 56% chance that the Bank of Canada will lift interest rates by at least 25 basis points in December, LSEG-compiled data showed.

Here are some details:

• The main stock index logged small weekly declines on Friday as a global selloff in semiconductor stocks dented investor sentiment on concerns about ballooning valuations.