(Stock image generated with AI.)

Canada’s benchmark equity index edged down Thursday as investors assessed ongoing tensions in the Middle East. At the same time, uncertainty surrounding the potential reopening of the Strait of Hormuz drove oil prices higher.

US stock markets rebounded from early losses, working to hold on to the previous session’s strong gains, as markets continued to track developments in the Middle East following a two-week ceasefire agreement between the United States and Iran.

TSX33,477.71-142.86TSX
TSXV995.39+12.81TSXV
CSE167.67+1.36CSE
DJIA48,185.80+275.88DJIA
NASDAQ22,822.42+187.42NASDAQ
S&P 5006,824.66+41.85S&P 500

The Canadian dollar traded for 72.35 cents US compared to 71.26 cents US on Wednesday.

US crude futures traded US$4.80 higher at US$98.49 a barrel, and the Brent contract rose US$1.85 to US$96.90 a barrel.

The price of gold was up US$18.50 to US$4,769.16.

In world markets, the Nikkei was down 413.10 points to ¥55,895.32, the Hang Seng was down 140.62 points to HK$25,752.40, the FTSE was down 5.40 points to ₤10,603.48, and the DAX was down 273.64 points to €23,806.99.


Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.


More From The Market Online

A high-conviction oil stock for 2026 as Iran conflict persists

Valeura Energy is profitable and has further growth in its sights, making it an attractive name for leverage on top of elevated oil prices.
The Market Online Video

Unlocking Critical Rare Earths and High-Grade Gold in a Top-Tier Jurisdiction 

Sorrento Resources begins drilling at its Newfoundland gold projects, with high-grade soil anomalies and visible gold supporting exploration upside.

Metals Royalty Company commences trading on the NASDAQ

The Metals Royalty Company Inc. (NASDAQ:TMCR) began trading on the Nasdaq Stock Market following its SEC registration statement.
TSX rises as Meta jumps on a new AI model and BMO launches a quantum institute. Oil climbs, gold rebounds, and markets remain cautious on Iran ceasefire risks.

Market Open: Meta Jumps on New AI Model, BMO Expands Quantum Push | Apr 9th

TSX rises as Meta jumps on a new AI model and BMO launches a quantum institute. Oil climbs, gold rebounds, and markets remain cautious…