TSX Climbs on US-Iran Peace Prospects

2026-06-16 20:30 By Isabela Couto 1 min. read

The S&P/TSX Composite Index rose 0.3% to close at 35,390 on Tuesday, supported by optimism over a potential US-Iran peace deal.

US President Donald Trump said at the G7 summit that negotiations with Iran had entered a second stage.

Oil prices fell as markets assessed the prospect of renewed supplies, easing concerns about energy-driven inflation and reducing fears of a hawkish shift by central banks.

Lower bond yields supported financial stocks and the broader market, with RBC rising 1.1%, while TD Bank and BMO both added 0.7%.

Higher gold prices lifted mining shares, with Agnico Eagle gaining 2.6%, WPM advancing 3.6%, and Barrick rising 2.3%.

In contrast, lower oil prices weighed on energy stocks, with Canadian Natural down 1.7%, Suncor losing 2.4%, and Cenovus falling 3.2%.

Meanwhile, home sales rose 5.5% in May, while home prices edged lower.

Investors are now awaiting the US Fed's policy decision on Wednesday, with markets widely expecting interest rates to remain unchanged.



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TSX Climbs on US-Iran Peace Prospects
The S&P/TSX Composite Index rose 0.3% to close at 35,390 on Tuesday, supported by optimism over a potential US-Iran peace deal. US President Donald Trump said at the G7 summit that negotiations with Iran had entered a second stage. Oil prices fell as markets assessed the prospect of renewed supplies, easing concerns about energy-driven inflation and reducing fears of a hawkish shift by central banks. Lower bond yields supported financial stocks and the broader market, with RBC rising 1.1%, while TD Bank and BMO both added 0.7%. Higher gold prices lifted mining shares, with Agnico Eagle gaining 2.6%, WPM advancing 3.6%, and Barrick rising 2.3%. In contrast, lower oil prices weighed on energy stocks, with Canadian Natural down 1.7%, Suncor losing 2.4%, and Cenovus falling 3.2%. Meanwhile, home sales rose 5.5% in May, while home prices edged lower. Investors are now awaiting the US Fed's policy decision on Wednesday, with markets widely expecting interest rates to remain unchanged.
2026-06-16
TSX Rises on US-Iran Deal Optimism
The S&P/TSX Composite Index gained nearly 0.5% to trade above 35,000 on Tuesday amid optimism over a pending US-Iran peace deal. US President Donald Trump said at the G7 summit that negotiations with Iran had entered a second stage. Oil prices slid as markets weighed the prospect of renewed supplies, easing concerns about energy-driven inflation and reducing fears of a hawkish shift by central banks. Lower bond yields supported financial stocks and the broader market, with RBC up more than 0.6%, TD Bank adding 0.5%, and BMO advancing nearly 1%. Higher gold prices boosted mining shares, with Agnico Eagle and WPM rising more than 1.5% and Barrick gaining over 1%. In contrast, lower oil prices weighed on energy stocks, with Canadian Natural shedding 1.5% and Suncor losing nearly 2%. Meanwhile, home sales rose 5.5% in May while home prices edged lower. Investors are awaiting the US Fed's policy decision on Wednesday, with markets widely expecting interest rates to remain unchanged.
2026-06-16
TSX Futures Rise on US-Iran Deal Optimism
Futures tracking the S&P/TSX Composite Index edged higher on Tuesday amid optimism over a pending US-Iran peace deal. US President Donald Trump said at the G7 summit that negotiations with Iran were moving into a second stage. Oil prices slid as markets weighed the prospect of renewed supplies, easing concerns about energy-driven inflation and reducing fears of a hawkish shift by central banks. Lower bond yields supported financial stocks and the broader market, while higher gold prices provided support for mining shares. Meanwhile, Canadian home sales rose 5.5% in May, while home prices edged lower. Investors are now focused on the Federal Reserve's policy decision on Wednesday, with markets widely expecting interest rates to remain unchanged.
2026-06-16