June 3 (Reuters) - Futures tracking Canada's blue-chip stocks were nearly flat on Wednesday as renewed hostilities in the Middle East dampened hopes for a peace deal and hurt global risk sentiment.
June futures on the S&P/TSX index were up 0.03% at 6:48 a.m. ET (1048 GMT).
The U.S. military on Wednesday said it has thwarted Iranian missile attacks on Bahrain, Kuwait and other regional targets.
Oil prices rose above 2%, with talks between Tehran and Washington showing little signs of progress.
Spot gold and silver slipped 0.6% and 1.1%, respectively, pressured by a stronger dollar and rising oil prices that kept inflation worries elevated.
Canada's benchmark S&P/TSX Composite Index (.GSPTSE), on Tuesday touched a record high and surpassed the 35,000 mark for the first time as higher commodity prices boosted resource sector shares.
Canada had a positive meeting with the U.S. on the review of their free trade deal, the country's minister responsible for Canada-U.S. trade, Dominic LeBlanc, said in Washington on Tuesday, but declined to provide many details.
Meanwhile, Shopify (SHOP.TO), opens new tab said on Tuesday its board had approved an additional $3 billion share buyback program, bringing the Canadian e-commerce company's total repurchase authorization to $5 billion.
Greater Toronto Area home sales saw their biggest monthly gain in 10 months in May, helped by improving affordability as prices resumed their recent decline, Toronto Regional Real Estate Board data showed on Wednesday.
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Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Jonathan Ananda
