Canada’s benchmark equity index slipped on Monday as uncertainty surrounding stalled US–Iran negotiations dampened risk appetite ahead of a crowded week of central bank policy meetings, including one from the Bank of Canada.
Over the weekend, President Donald Trump cancelled plans to send US special envoy Steve Witkoff and Jared Kushner to Pakistan for Iran-related ceasefire discussions, saying talks could be conducted by phone instead. An Axios report later indicated that Iran has presented Washington with a new proposal aimed at reopening its Strait of Hormuz and ending the conflict, while potentially postponing nuclear negotiations. Meanwhile, attention on the corporate front is building as five members of the “Magnificent Seven” prepare to release earnings in the final week of April, increasing pressure on a market already priced for strong growth. Investors are also closely watching the Federal Reserve’s policy announcement on Wednesday, which could be Jerome Powell’s last meeting as chair ahead of an expected leadership transition to Kevin Warsh in May.
| TSX | 33,818.19 | -85.92 |  |
| TSXV | 1,020.29 | +9.29 |  |
| CSE | 186.26 | +4.66 | |
| DJIA | 49,167.79 | -62.92 | |
| NASDAQ | 24,887.10 | +50.50 | |
| S&P 500 | 7,173.91 | +8.83 | |
The Canadian dollar traded for 73.34 cents US compared to 73.18 cents US on Friday.
US crude futures traded US$2.00 higher at US$96.40 a barrel, and the Brent contract rose US$2.78 to US$108.10 a barrel.
The price of gold was down US$20.73 to US$4,679.36.
In world markets, the Nikkei was up 821.18 points to ¥60,537.36, the Hang Seng was down 52.42 points to HK$25,925.65, the FTSE was down 57.99 points to ₤10,321.09, and the DAX was down 45.45 points to €24,083.53.
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