TSX Rises 1.1 Percent on Middle East De-escalation Hopes

Canada's main stock index rose 1.1 percent Tuesday on Middle East de-escalation hopes. The TSX is still tracking its worst monthly performance since June 2022.

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The main stock index in Canada opened higher on Tuesday morning as investors reacted to reports suggesting a potential de-escalation of conflict in the Middle East. This development offered a reprieve for the market, which is currently navigating its most challenging monthly stretch in nearly four years.

The Art Deco exterior of the historic Toronto Stock Exchange building located on Bay Street in Toronto, Ontario. REUTERS/Chris Helgren
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