TSX Futures Drop 1.34% as Oil Tops $110 on Iran Escalation
Canada’s S&P/TSX 60 Futures fell 25.6 points (1.34%) to signal a sharp opening decline for SI as President Trump vowed to intensify military operations against Iran. Oil surged over 10% with WTI topping $110 and Brent at $109.07, while silver futures plunged 6.99% to $70.79.
1. TSX Futures Slide on Geopolitical Risk
S&P/TSX 60 Futures dropped 25.6 points, or 1.34%, ahead of Thursday’s open as investors digested President Trump’s pledge to intensify military operations against Tehran over the next two to three weeks.
2. Oil and Silver Price Volatility
Brent Oil Futures rose to $109.07 a barrel and WTI crossed the $110 mark with a 10.06% jump, reflecting concerns over Strait of Hormuz disruptions, while silver futures plunged 6.99% to $70.79 per ounce amid heightened risk-off sentiment.
3. Implications for SI Shares
As SI is listed on the TSX, the sharp pullback in index futures and commodity volatility suggests a lower open for SI shares, with broader market and metal price swings likely to weigh on trading volume and valuation.