On the last day of March, Canada’s main stock index rallied higher on Tuesday as investors weighed optimism that US President Donald Trump might move to end the conflict with Iran against worries about potential supply disruptions if the Strait of Hormuz remains closed for an extended period. Oil prices slipped a little.
According to The Wall Street Journal, President Trump told advisers he was open to winding down military tensions in the Middle East even if the Strait of Hormuz continued to operate at limited capacity. On Monday, Federal Reserve Chair Jerome Powell noted that despite rising energy costs, he still views inflation expectations as “well anchored beyond the short term.” He added that while the Fed may “eventually maybe face the question of what to do here,” it is not yet confronting that decision because the economic impact remains unclear.
| TSX | 32,768.04 | +833.10 |  |
| TSXV | 957.84 | +48.71 | |
| CSE | 163.11 | +8.93 | |
| DJIA | 46,341.51 | +1,125.37 | |
| NASDAQ | 21,590.63 | +795.99 | |
| S&P 500 | 6,528.52 | +184.80 | |
The Canadian dollar traded for 71.77 cents US compared to 71.80 cents US on Monday.
US crude futures traded $0.73 lower at US$102.20 a barrel, and the Brent contract lost US$2.75 to US$104.60 a barrel.
The price of gold was up US$139.02 to US$4,666.02.
In world markets, the Nikkei was down 822.13 points to ¥51,063.72, the Hang Seng was up 37.35 points to HK$24,788.14, the FTSE was up 48.49 points to ₤10,176.45, and the DAX was up 117.16 points to €22,680.04.
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