Canada’s benchmark stock index climbed on Monday, supported by indications that the United States and Iran may be approaching a peace agreement. This optimism pushed oil prices lower and helped ease concerns about inflation. Over the weekend, US President Donald Trump stated that a deal had been “largely negotiated” and could lead to the reopening of the Strait of Hormuz. However, both sides tempered expectations of a near-term resolution to the three-month conflict, which limited market gains.
US markets were closed for Memorial Day.
| TSX | 34,830.89 | +61.87 |  |
| TSXV | 994.81 | +21.34 | |
| CSE | 175.26 | +1.70 | |
| DJIA | 50,579.70 | +0.00 |  |
| NASDAQ | 26,343.97 | +0.00 | |
| S&P 500 | 7,473.47 | +0.00 | |
The Canadian dollar traded for 72.46 cents US compared to 72.39 cents US on Friday.
US crude futures traded US$6.81 lower at US$89.79 a barrel, and the Brent contract lost US$7.29 to US$96.25 a barrel.
The price of gold was up US$31.56 to US$4,574.56.
In world markets, the Nikkei was up 1,819.12 points to ¥65,158.19, the Hang Seng was up 219.51 points to HK$25,606.03, the FTSE remained at ₤10,466.26, and the DAX was up 500.54 points to €25,389.10.