Canada’s top stock index rose on Monday after optimism about easing tensions in the Middle East faded. Hopes were dampened when weekend negotiations between the United States and Iran fell through, followed by Washington’s announcement of a blockade along Iran’s coastline.
The US military began enforcing the blockade on Monday, halting all maritime traffic entering or leaving Iranian ports and coastal regions. On Sunday, President Donald Trump said US forces would also intercept any vessel sailing in international waters that had paid fees to Iran.
| TSX | 33,879.24 | +183.48 |  |
| TSXV | 1,022.68 | +30.46 | |
| CSE | 172.83 | +3.32 | |
| DJIA | 48,218.25 | +301.68 | |
| NASDAQ | 23,183.74 | +280.84 | |
| S&P 500 | 6,886.24 | +69.35 | |
The Canadian dollar traded for 72.52 cents US compared to 71.26 cents US on Friday.
US crude futures traded US$1.57 higher at US$98.14 a barrel, and the Brent contract rose US$3.14 to US$98.34 a barrel.
The price of gold was down US$4.62 to US$4,743.57.
In world markets, the Nikkei was down 421.34 points to ¥56,502.77, the Hang Seng was down 232.69 points to HK$25,660.85, the FTSE was down 17.57 points to ₤10,582.96, and the DAX was down 61.51 points to €23,742.44.
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