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25.06.202613:00:10UTC+00TSX Futures Edge Higher on AI Optimism

Futures linked to the S&P/TSX Composite Index inched higher on Thursday, tracking gains on Wall Street following upbeat forecasts from Micron and Qualcomm. US chipmakers advanced in premarket trading as strong guidance from both companies underscored resilient AI-driven demand, bolstering North American technology stocks.

At the same time, oil prices retreated to levels last seen before the onset of the Iran conflict amid signs of increased supply from the Middle East. The drop in energy prices eased inflation concerns, pulling bond yields lower and providing support to banking shares and the broader index. Gold prices also ticked higher, offering an additional lift to mining stocks.

Investors also digested the latest minutes from the Bank of Canada, which indicated that policymakers agreed to maintain flexibility in monetary policy in light of potential new US trade restrictions and evolving energy market dynamics.

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