Futures tracking Canadian stocks rose Friday as oil prices retreated on prospects for diplomatic efforts to ease tensions around the Strait of Hormuz. Gulf foreign ministers are expected to meet their Iranian counterpart in Oman on Monday to seek support for a temporary arrangement governing shipping through the strait. The pause in the energy-price surge gave equities some relief. U.S. CPI (consumer price index) held steady at 3.4% annually in August 2026, broadly in line with expectations. Gold rebounded, supporting heavyweight mining stocks, while copper extended its decline after weighing on copper miners Thursday. Descartes Systems reported second-quarter revenue slightly above estimates.