India, May 21 -- Lower Canadian and U.S. futures point to a weak start for Canadian stocks on Thursday. The mood in the market is likely to remain cautious amid uncertainty about Iran and the U.S. reaching a quick peace deal.

Iranian President Masoud Pezeshkian said Tehran had "consistently honored its commitments" and explored every avenue to avoid war. He insisted that "all paths remain open" from Iran's side as US President Donald Trump said he could wait a few more days for the "right answer".

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