TORONTO — Canada’s main stock index gained ground while U.S. markets continued to push into record territory as the U.S. and Iran were reportedly working toward a deal to extend a ceasefire.
“We’re still rallying on the increasing likelihood that the conflict in Iran and the Straits of Hormuz gets resolved shortly,” said Brian Madden, chief investment officer with First Avenue Investment Counsel.
U.S. President Donald Trump held a White House Situation Room meeting with his advisers as he pondered moving forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz. Iran said the agreement has not been finalized.
The S&P/TSX composite index
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