TSX Rises on US-Iran Peace Deal

2026-06-15 14:01 By Isabela Couto 1 min. read

The S&P/TSX Composite Index gained more than 1% to trade above 35,000 on Monday after the US and Iran announced a preliminary peace agreement aimed at ending the conflict.

US President Donald Trump said the deal would halt hostilities and reopen the Strait of Hormuz.

Oil prices fell, easing concerns that an energy-driven inflation spike could trigger a hawkish shift by global central banks.

Bond yields also declined, reducing worries over higher borrowing costs.

Banks traded higher, with BMO and Scotiabank up more than 1%, while Brookfield added over 2%.

Meanwhile, higher gold prices fueled a rally in mining stocks.

Agnico Eagle and WPM surged more than 7%, while Barrick gained over 5%.

In contrast, energy shares tumbled on lower oil prices, with Canadian Natural down 4.5% and Suncor losing 5%.

Investors are now focused on the Federal Reserve's policy meeting, which concludes on Wednesday, with markets widely expecting interest rates to remain unchanged.



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