Canada’s main stock index struggled on Thursday, despite growing optimism that the United States and Iran could soon reach a peace agreement. Energy and mining losses outweighed gains led by the tech sector for the TSX.
Officials and sources indicated that the two countries are moving closer to a limited, short-term arrangement to pause hostilities, with discussions focused on a temporary memorandum rather than a full-scale peace treaty. However, Tehran is pressing ahead to formally control its Strait of Hormuz.
| TSX | 33,856.62 | -125.20 |  |
| TSXV | 994.28 | -1.62 | |
| CSE | 180.64 | -3.87 | |
| DJIA | 49,596.97 | -313.62 | |
| NASDAQ | 25,806.20 | -32.75 | |
| S&P 500 | 7,337.11 | -28.01 | |
The Canadian dollar traded for 73.33 cents US compared to 73.34 cents US on Wednesday.
US crude futures traded $0.93 higher at US$96.01 a barrel, and the Brent contract added $0.36 to US$101.60 a barrel.
The price of gold was up US$22.25 to US$4,709.69.
In world markets, the Nikkei was up 3,320.72 points to ¥62,833.84, the Hang Seng was up 412.50 points to HK$26,626.28, the FTSE was down 161.71 points to ₤10,276.95, and the DAX was down 255.08 points to €24,663.61.