Canada’s main stock index moved higher on Wednesday as global markets climbed, encouraged by comments from US President Donald Trump suggesting a possible quick resolution to the conflict in the Middle East. However, the overall gains were tempered by declining oil prices.
On Tuesday night, Trump told reporters at the White House that he anticipates US military forces will withdraw from Iran within “two or three weeks.” His remarks followed an unconfirmed report claiming Iranian President Masoud Pezeshkian was willing to end the war under certain guarantees. Earlier this month, Pezeshkian made similar statements on X, arguing that the conflict could only conclude if Iran’s “legitimate rights” were recognized, reparations were paid, and firm international assurances were provided to prevent future aggression. Investors may get more insight into the direction of the US–Iran conflict at 9 p.m. ET on Wednesday, when Trump is scheduled to address the nation with what the White House has described as an important update.
| TSX | 32,957.95 | +189.91 |  |
| TSXV | 974.55 | +16.71 | |
| CSE | 163.75 | +0.64 | |
| DJIA | 46,565.74 | +224.23 | |
| NASDAQ | 21,840.95 | +250.32 | |
| S&P 500 | 6,575.32 | +46.80 | |
The Canadian dollar traded for 72.07 cents US compared to 71.80 cents US on Tuesday.
US crude futures traded US$1.52 lower at US$99.74 a barrel, and the Brent contract lost US$3.00 to US$101.00 a barrel.
The price of gold was up US$43.50 to US$3,870.00.
In world markets, the Nikkei was up 2,675.96 points to ¥53,739.68, the Hang Seng was up 505.89 points to HK$25,294.03, the FTSE was up 188.34 points to ₤10,364.79, and the DAX was up 618.85 points to €23,298.89.
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