(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.


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