S&P/TSX Composite rises as oil prices pull back
The S&P/TSX Composite Index rose nearly 1% to trade close to 36,000 as oil prices eased ahead of expected diplomatic efforts related to the Strait of Hormuz. Major Canadian banks rose about 1% each, gold rebounded supporting mining stocks, and Descartes Systems gained about 4.5% after reporting second-quarter revenue slightly above estimates.
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