TSX Hits Over Two-Week High
The S&P/TSX Composite Index rose 0.9% to close at 36,336, hitting an over two-week high, as investors assessed prospects for US-Iran talks. US President Trump said US officials had a “very good” meeting with Iranian envoys at the UN General Assembly and that another was being planned for the near future. A senior Iranian official said Iran could reopen the Strait of Hormuz within days if the US eased military pressure and lifted its blockade on Iranian ports. The pullback in the oil rally, which has fueled inflationary pressures and prompted central banks to raise interest rates, supported equities. Miners gained as gold prices rebounded, with Agnico Eagle rising 3.4%, Barrick adding 3.1%, and WPM advancing 4.5%. Shopify surged 7.4% on news that the company partnered with Meta to enable purchases through Meta’s Muse AI agent using Shop Pay. Financials closed lower after BoC Governor Macklem warned that rate decisions will need to balance slow growth against high energy costs.
9% to close at 36,336, hitting an over two-week high, as investors assessed prospects for US-Iran talks. US President Trump said US officials had a “very good” meeting with Iranian envoys at the UN General Assembly and that another was being planned for the near future. A senior Iranian official said Iran could reopen the Strait of Hormuz within days if the US eased military pressure and lifted its blockade on Iranian ports. The pullback in the oil rally, which has fueled inflationary pressures and prompted central banks to raise interest rates, supported equities.
5%. 4% on news that the company partnered with Meta to enable purchases through Meta’s Muse AI agent using Shop Pay. Financials closed lower after BoC Governor Macklem warned that rate decisions will need to balance slow growth against high energy costs.