Canada’s main stock index moved upward on Monday, even as global markets remained cautious after US President Donald Trump dismissed Iran’s response to a proposed peace deal, raising concerns that the 10‑week war would persist. Oil prices climbed on worries about supply disruptions following the development, particularly with the Strait of Hormuz still largely restricted and global energy markets remaining tight.
US equities were higher after a strong week on Wall Street, as oil prices surged in response to Trump’s rejection of Iran’s latest attempt to end the conflict. Iran reportedly submitted a revised proposal to US negotiators aimed at resolving the prolonged hostilities. According to Iran’s semi‑official Tasnim news agency, the counterproposal emphasized ending fighting across all fronts and lifting sanctions on Tehran. Investors are now turning their attention to this week’s release of the April consumer and producer price indexes, which could provide further clues on how the ongoing conflict is influencing inflation.
| TSX | 34,138.88 | +61.12 |  |
| TSXV | 1,005.58 | +8.26 | |
| CSE | 180.57 | +0.17 | |
| DJIA | 49,704.47 | +95.31 | |
| NASDAQ | 26,274.13 | +440.88 | |
| S&P 500 | 7,412.84 | +13.91 | |
The Canadian dollar remained at 73.10 cents since Friday.
US crude futures traded US$2.99 higher at US$98.41 a barrel, and the Brent contract rose US$3.14 to US$104.40 a barrel.
The price of gold was up US$48.73 to US$4,734.91.
In world markets, the Nikkei was down 295.77 points to ¥62,417.88, the Hang Seng was up 13.13 points to HK$26,406.84, the FTSE was up 36.36 points to ₤10,269.43, and the DAX was up 11.65 points to €24,350.28.
