Futures tracking the S&P/TSX Composite Index moved higher on Thursday after the US signaled that its strikes against Iran had concluded, paving the way for negotiations to resume. President Trump said no further retaliatory action would be needed if Iran refrains from additional attacks and added that both countries remained close to an agreement that could allow energy exports through the Persian Gulf to resume. Oil prices retreated, easing inflation concerns and pushing bond yields lower, supporting financial stocks and the broader index as fears of higher borrowing costs and hawkish central banks subsided. On Wednesday, the Bank of Canada kept interest rates unchanged, as expected. Meanwhile, Trump suggested that the US may not extend its free trade agreement with Canada and Mexico, even as negotiations with both countries continue.