Canada’s lead equity index lost ground on Thursday, supported by growth in oil and an early boost in gold prices, as investors digested signs that a Middle East peace agreement could be nearing completion. Signals from a senior Pakistani intermediary in Tehran, along with comments from the administration of US President Donald Trump, suggested progress toward a deal that could reopen the strategically important Strait of Hormuz. At the same time, market participants are closely watching corporate earnings reports in both the United States and Canada to assess how firms are managing challenges stemming from the Iran conflict. This, coupled with news that Israel and Lebanon seem to have agreed to a temporary ceasefire.
US equities pushed even higher, building on the record-setting closes for the S&P 500 and the NASDAQ Composite by reaching new all-time peaks.
| TSX | 34,052.23 | -103.76 |  |
| TSXV | 1,043.59 | +0.28 |  |
| CSE | 174.50 | -1.61 | |
| DJIA | 48,463.72 | +115.00 | |
| NASDAQ | 24,102.70 | +86.69 | |
| S&P 500 | 7,041.27 | +18.32 | |
The Canadian dollar traded for 72.99 US cents compared to 72.81 cents US on Wednesday.
US crude futures traded US$2.02 higher at US$93.31 a barrel, and the Brent contract rose US$3.15 to US$98.08 a barrel.
The price of gold was down US$7.22 to US$4,793.15.
In world markets, the Nikkei was up 1,384.10 points to ¥59,518.34, the Hang Seng was up 446.94 points to HK$26,394.26, the FTSE was up 30.41 points to ₤10,589.99, and the DAX was up 87.77 points to €24,154.47.
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