Canada’s main stock index rebounded on Monday, recovering from losses in the previous session as investor attention shifted away from tensions in the Middle East and toward the G7 summit in Alberta and the US Federal Reserve’s policy meeting. Monday’s discussions focus on advancing trade deals, with traders assessing prospects of Canada moving closer to a trade agreement with the US as President Trump brings his toxic aura to our country.
The recent escalation in the Middle East coincided with the gathering of G7 leaders—representing the UK, Canada, France, Germany, Italy, Japan, and the US—alongside the European Union in Alberta. The summit comes amid already strained relations due to US President Donald Trump’s tariffs.
Hostilities between the two Middle Eastern nations entered a fourth straight day on Monday, with both sides targeting each other’s energy infrastructure. This intensification poses further risks to the global economy and financial markets. However, the surge in oil prices seen last week due to the conflict has since moderated.
| TSX | 26,568.61 | +64.26 |  |
| TSXV | 725.38 | +4.25 | |
| CSE | 115.70 | +0.82 | |
| DJIA | 42,515.09 | +317.30 | |
| NASDAQ | 19,701.21 | +294.38 | |
| S&P 500 | 6,033.11 | +56.14 | |
The Canadian dollar traded for 73.77 cents US compared to 73.59 cents US on Friday.
US crude futures traded US$1.19 lower at US$71.79 a barrel, and the Brent contract lost US$1.21 to US$73.02 a barrel.
The price of gold was down US$39.88 to US$3,393.59.
In world markets, the Nikkei was up 477.08 points to ¥38,311.33, the Hang Seng was up 168.43 points to HK$24,060.99 the FTSE was up 24.59 points to ₤8,875.22, and the DAX was up 182.89 points to €23,699.12.
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