Canadian equities moved higher on Tuesday as optimism over mediation efforts in the Middle East bolstered risk appetite. However, investors remained focused on the latest trade developments after President Donald Trump announced a 50 per cent tariff on a wide range of Canadian imports, accusing Canada of discriminating against American-made vehicles, alcohol, and dairy products.
Geopolitical tensions also remained elevated. US forces carried out a 10th consecutive night of strikes on Iranian targets after Trump declared the ceasefire over. Iran has responded with attacks on US military assets across the Middle East, while its Houthi allies have imposed a maritime embargo on Saudi Arabia.
| TSX | 35,369.08 | +408.76 |  |
| TSXV | 873.07 | +23.30 | |
| CSE | 155.49 | +1.36 | |
| DJIA | 52,224.64 | +385.38 | |
| NASDAQ | 25,837.21 | +329.13 | |
| S&P 500 | 7,509.20 | +65.92 | |
The Canadian dollar traded for 70.88 cents US compared to 71.07 cents US on Monday.
US crude futures traded US$1.62 higher at US$84.10 a barrel, and the Brent contract rose US$1.58 to US$90.80 a barrel.
The price of gold was up US$61.17 to US$4,073.37.
In world markets, the Nikkei was up 2,091.07 points to ¥66,232.19, the Hang Seng was down 10.76 points to HK$25,132.29, the FTSE was up 61.15 points to ₤10,585.91, and the DAX was up 164.66 points to €25,011.35.