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S&P/TSX futures rose 0.2% as oil dropped about 4% on Iran-Qatar talks. The index had closed down 1.7% on Friday, its sharpest one-day fall in nearly six months, and WTI traded near US$99.82.
The oil drop eases inflation worries and energy costs that feed on freight and processing depend on. Equity moves have little direct effect on feed commodity prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.