Futures tracking the S&P/TSX Composite index were muted on Tuesday, holding the positive session that lifted the index to a record high of 32,875 yesterday with support from resource-linked stocks. Oil majors were supported by another positive session for benchmark crude oil prices amid lingering concerns that geopolitical unrest in Iran could limit supply from the key region. Additionally, markets maintained some skepticism over the magnitude of competition that Venezuelan oil may impose on Canadian energy exports as oil producers and refiners from the US voiced their concerns and hesitance over risking their capital on new Venezuelan territory. In turn, gold miners were muted as gold prices held their records.
