TORONTO — Stock markets rallied in Canada and the U.S. after President Donald Trump called off a threat to bomb Iran, raising hopes for a deal between the countries.
Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management, said Trump’s comments injected optimism into the market.
“The tone really shifted when Trump announced he was not going to be advancing on his attack in Iran,” he said.
Stocks immediately veered higher in midday trading after Trump said on his social media network that “discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved” and that the time and
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