Canadian stocks moved higher on Monday after US and Iranian officials announced they had reached an agreement aimed at ending their conflict and reopening the vital Strait of Hormuz. Although the deal remains a preliminary framework, it represents the most significant progress so far in resolving a war that has claimed thousands of lives and disrupted global energy markets since it was sparked by joint US-Israel strikes on Iran in February.
At the same time, leaders from the Group of Seven advanced economies are set to gather at a lakeside resort in France, as tensions linger among allies over US President Donald Trump’s tariff threats and concerns about America’s role in the global order. Trump also stated that he had approved the reopening of Iran’s Strait of Hormuz shipping route, a move that contributed to a sharp drop in oil prices.
| TSX | 35,275.64 | +337.79 |  |
| TSXV | 979.82 | +20.59 | |
| CSE | 175.59 | +0.21 | |
| DJIA | 51,671.03 | +468.77 | |
| NASDAQ | 26,683.94 | +795.10 | |
| S&P 500 | 7,554.29 | +122.83 | |
The Canadian dollar traded for 71.47 cents US compared to 71.54 cents US on Friday.
US crude futures traded US$4.79 lower at US$80.09 a barrel, and the Brent contract lost US$4.64 to US$82.69 a barrel.
The price of gold was up US$41.13 to US$4,317.23.
In world markets, the Nikkei was up 3,297.46 points to ¥69,317.50, the Hang Seng was up 124.57 points to HK$24,842.67, the FTSE was down 41.10 points to ₤10,430.62, and the DAX was up 258.71 points to €24,894.01.
