Canadian equity futures edged higher on Friday, supported by a favorable backdrop for banking and mining stocks. Oil prices declined amid reports that the United States and Iran were considering an agreement that could reopen the Strait of Hormuz and lift the U.S. blockade on Iranian ports. The retreat in oil prices offered some relief to credit-sensitive sectors facing pressure from concerns about energy-driven inflation. Global yields gave back part of their gains after surging during the previous two sessions, although they remained elevated. Higher gold prices supported mining shares, while the technology sector was on track for weekly gains in line with Wall Street’s optimism about artificial intelligence.