TSX rises on energy and mining gains as tensions ease
The Toronto Stock Exchange climbed 0.7% on Monday as signs of de-escalation in the Middle East boosted investor sentiment. Energy and material sectors led the advance while markets shifted focus toward the Bank of Canada interest rate decision scheduled for Wednesday.
Insights:
The S&P/TSX Composite Index rose 0.7% to 34,674.08 points on Monday morning as easing Middle East tensions boosted investor sentiment. The advance follows an announcement from Iran that its initial wave of military strikes against Israel has concluded. This development raised market hopes for a de-escalation in the broader conflict involving the United States.
