TSX futures slip as investors assess stalled U.S.-Iran talks

April 27 (Reuters) – Futures linked to Canada’s main stock index edged lower on Monday, with stalled U.S.-Iran peace talks denting risk appetite ahead of a busy week of central bank meetings, including the Bank of Canada.

June futures on the S&P/TSX index were down 0.2% at 6:27 a.m. ET (1127 GMT).

o U.S. President Donald Trump cancelled a trip by his envoys to Pakistan over the weekend for scheduled talks with Iran. Trump has said Iran could telephone if it wants to negotiate an end to their two-month war, but added that Tehran cannot have a nuclear weapon.

o Investors also took notice of an Axios report that said Iran proposed reopening the Strait of Hormuz, while postponing nuclear negotiations.

o Oil prices were up more than 2% as shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. [O/R]

o The Toronto Stock Exchange’s S&P/TSX Composite Index ended its weekly winning streak on Friday, snapping four straight weeks of gains, as declines in energy stocks offset gains in financials and technology shares.

o Meanwhile, the Bank of Canada and the U.S. Federal Reserve are set to deliver their monetary policy decisions on Wednesday.

o A majority of economists polled by Reuters expect the Bank of Canada to remain on hold at 2.25% this week and through the year, in contrast to LSEG data that shows markets pricing in a rate hike by end-2026. [CADIRPR]

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(Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Shreya Biswas)