Energy led the losers on the TSX while mining helped support its gains. Canada’s main stock index rose on Wednesday, supported by increasing optimism that a peace agreement between the United States and Iran could be achieved in the near term.
According to a Pakistani source familiar with the discussions, Washington and Tehran are nearing consensus on a brief, one-page memorandum aimed at ending the latest conflict in the Gulf. This aligns with a report from Axios, which cited US officials, following President Donald Trump’s decision to pause a naval operation near the Strait of Hormuz.
| TSX | 33,981.82 | +414.91 |  |
| TSXV | 995.90 | +17.13 | |
| CSE | 184.42 | +3.26 | |
| DJIA | 49,910.59 | +612.34 | |
| NASDAQ | 25,838.94 | +512.82 | |
| S&P 500 | 7,365.12 | +105.90 | |
The Canadian dollar traded for 73.34 cents US compared to 73.41 cents US on Tuesday.
US crude futures traded US$7.17 lower at US$95.10 a barrel, and the Brent contract lost US$8.50 to US$101.40 a barrel.
The price of gold was up US$138.02 to US$4,696.56.
In world markets, the Nikkei remained at ¥59,513.12, the Hang Seng was up 315.17 points to HK$26,213.78, the FTSE was up 219.55 points to ₤10,438.66, and the DAX was up 516.99 points to €24,918.69.