Canadian, U.S. markets rise despite gains in the price of oil amid war uncertainty

TORONTO — Canada’s main stock index gained nearly 150 points on Wednesday, while U.S. markets also surged higher along with oil prices.

“I don’t think anyone is hearing anything that would tell us that the ceasefire will be over, and at the same time, no one’s hearing anything that the conflict is over, so we’re kind of in limbo here,” said Allan Small, senior investment adviser at iA Private Wealth.

“I think the markets are reflecting that they’re slightly higher, right across the board, but nothing tremendous.”

On Tuesday, U.S. President Donald Trump extended a ceasefire but also said he was maintaining an American blockade of

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