Canada’s main stock index climbed on Tuesday after US President Donald Trump indicated that discussions with Iran were still underway, calming fears about rising inflation and the possibility of stricter monetary policy.
Trump’s remarks on Monday also boosted optimism that the conflict in the Middle East could come to an end and that the Strait of Hormuz might reopen. In addition, Lebanon’s declaration of a partial ceasefire between Hezbollah and Israel—following a brief surge in violence—further improved investor confidence.
| TSX | 35,169.46 | +434.57 |  |
| TSXV | 1,033.10 | +7.92 | |
| CSE | 180.28 | -1.14 |  |
| DJIA | 51,307.79 | +228.91 | |
| NASDAQ | 27,093.90 | +7.09 | |
| S&P 500 | 7,609.78 | +9.82 | |
The Canadian dollar traded for 72.26 cents US compared to 72.25 cents US on Monday.
US crude futures traded US$1.45 higher at US$93.61 a barrel, and the Brent contract rose $0.99 to US$95.97 a barrel.
The price of gold was up US$12.51 to US$4,489.47.
In world markets, the Nikkei was down 200.09 points to ¥66,734.24, the Hang Seng was up 640.14 points to HK$26,038.32, the FTSE was up 34.56 points to ₤10,373.51, and the DAX was up 121.13 points to €25,124.17.