Equities trading in Canada’s largest centre advanced on Monday after three straight sessions of losses, lifted by strength from Wall Street and easing oil prices, even as war in the Middle East continued. Brokerage firm Jefferies increased its price targets for several Canadian energy producers, citing improved cash flow forecasts and stronger commodity-price assumptions.
US stocks also moved higher, and crude prices retreated as Wall Street attempted to rebound from another down week, with investors closely watching new developments in the Iran conflict. On Friday, President Donald Trump authorized strikes on Iranian military sites located on Kharg Island. Although the action did not damage oil infrastructure, Trump stated that the US may target those facilities if Iran persists in obstructing the Strait. He has begun appealing to NATO allies for support, but none have agreed so far—a lack of cooperation that has prompted the President to issue warnings to those allies to join his efforts.
| TSX | 32,876.65 | +334.72 |  |
| TSXV | 1,012.17 | -5.94 |  |
| CSE | 170.78 | −4.80 | |
| DJIA | 46,946.41 | +387.94 | |
| NASDAQ | 22,374.18 | +268.82 | |
| S&P 500 | 6,699.39 | +67.20 | |
The Canadian dollar traded for 73.10 cents US compared to 72.81 cents US on Friday.
US crude futures traded US$4.47 lower at US$94.24 a barrel, and the Brent contract lost US$2.43 to US$100.70 a barrel.
The price of gold was down US$5.96 to US$5,012.89.
In world markets, the Nikkei was down 68.46 points to ¥53,751.15, the Hang Seng was up 368.42 points to HK$25,834.02, the FTSE was up 56.54 points to ₤10,317.69, and the DAX was up 118.47 points to €23,565.76.
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