TSX Rises on US-Iran Talks and Soft Core Inflation

2026-06-22 20:42 By Isabela Couto 1 min. read

The S&P/TSX Composite Index rose 0.4% to close at 35,002 on Monday as investors assessed US-Iran peace talks and Canada’s May inflation report.

The US and Iran reportedly made progress in their first round of talks aimed at reaching a final peace deal.

Oil prices fell, easing concerns over energy-driven inflation pressures.

Meanwhile, annual inflation accelerated more than expected, driven by higher gasoline prices.

However, the data is unlikely to alter the Bank of Canada’s view on underlying inflation, as core price measures remained soft.

The BoC said earlier this month it saw limited evidence that higher energy prices were feeding into broader inflation.

In addition, Canada’s banking regulator lowered capital requirements for the country’s largest lenders, a move expected to support credit growth.

Banking stocks advanced, with RBC up 1% and BMO gaining 1.2%.

Elsewhere, higher gold prices lifted Agnico Eagle by 2.2%, WPM by 4.7%, and Barrick by 1.2%.



News Stream
TSX Rises on US-Iran Talks and Soft Core Inflation
The S&P/TSX Composite Index rose 0.4% to close at 35,002 on Monday as investors assessed US-Iran peace talks and Canada’s May inflation report. The US and Iran reportedly made progress in their first round of talks aimed at reaching a final peace deal. Oil prices fell, easing concerns over energy-driven inflation pressures. Meanwhile, annual inflation accelerated more than expected, driven by higher gasoline prices. However, the data is unlikely to alter the Bank of Canada’s view on underlying inflation, as core price measures remained soft. The BoC said earlier this month it saw limited evidence that higher energy prices were feeding into broader inflation. In addition, Canada’s banking regulator lowered capital requirements for the country’s largest lenders, a move expected to support credit growth. Banking stocks advanced, with RBC up 1% and BMO gaining 1.2%. Elsewhere, higher gold prices lifted Agnico Eagle by 2.2%, WPM by 4.7%, and Barrick by 1.2%.
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TSX Advances on Banking Sector Gains
The S&P/TSX Composite Index rose about 0.4% to trade above 35,000 on Monday amid support from banks. Canada’s banking regulator lowered capital requirements for major lenders for the first time in three years, freeing up cash for additional credit activity. RBC and BMO each added more than 1%. Meanwhile, oil prices declined after US and Iranian officials concluded their first round of talks in Switzerland, easing concerns over energy-driven inflation pressures. Canada’s annual inflation rate rose to 3.2%, above forecasts of 3%, as higher gasoline prices continued to drive the headline increase amid supply uncertainty linked to the closure of the Strait of Hormuz. However, softer core inflation measures tempered concerns over broader price pressures. Gold prices advanced, lifting WPM by 3.6% and Agnico Eagle by 1.3%.
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TSX Futures Edge Up as Oil Prices Fall
Futures tracking Canada’s S&P/TSX Composite Index edged higher on Monday as investors weighed lower oil prices against stronger-than-expected fresh inflation data. Oil prices declined after US and Iranian officials concluded their first round of talks in Switzerland, easing concerns over energy-driven inflation pressures. Meanwhile, data released on June 22th shows that the annual inflation rate rose to 3.2% in May from 2.8% in April, above market forecasts of 3%. Higher gasoline prices continued to drive the headline increase, as supply uncertainty tied to the closure of the Strait of Hormuz pushed fuel costs higher for a third straight month. However, soft core inflation measures tempered concerns over broader price pressures. Investors also assessed the recent decision by Canada’s banking regulator to lower capital requirements for major lenders, a move seen as supportive for credit growth. Gold prices advanced, lending support to mining shares.
2026-06-22