Futures tracking Canada's blue-chip stocks edged higher on Monday as U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz.
The TSX Composite Index hiked 266.39 points, or 1.3%, to close Friday and the week at 34,937.85. On the week, the index improved 168.75 points, or 0.5%.
June futures galvanized 0.8% Monday.
The Canadian dollar eked back 0.03 cents to 71.59 cents U.S.
While still ?a framework, the deal marked the biggest breakthrough in efforts to resolve the conflict which has killed thousands and upended energy markets since it began with joint U.S.-Israel strikes on Iran in ?February.
Meanwhile, the leaders of the Group of Seven wealthy nations are due to arrive at a French lakeside resort Monday amid unease among allies over U.S. President Donald Trump's tariff ?threats and questions about Washington's commitment to the global order.
On the economic slate, Statistics Canada reports wholesale trade for April rose 0.6%.
Manufacturing sales increased 4.2% in April, mainly driven by increased sales of petroleum and coal as well as food products. Meanwhile, sales in the primary metal subsector posted the largest decline.
Canada Mortgage and Housing Corporation reports monthly housing starts were down 5.2% year-over-year in centres with a population of 10,000 or more, with 22,633 units recorded in May, compared to 23,879 units in May 2025.
ON BAYSTREET
The TSX Venture Exchange recovered 34.4 points, or 3.8%, Thursday to 946.57.
ON WALLSTREET
Stock futures rose early Monday to kick off the holiday-shortened trading week after President Donald Trump announced that an agreement had been reached to end the war between the U.S. and Iran.
Futures for the Dow Jones Industrials popped 443 points, or 0.6%, to 51,670.
Futures for the S&P 500 index spiked 94 points, or 1.3%, to 7,529.
Futures for the NASDAQ Composite leaped 614 points, or 2.1%, to 30,276.
SpaceX shares popped 6% after soaring 19% in their public market debut on Friday.
Trump said late Sunday on social media that the deal with Iran was “now complete.” Pakistan Prime Minister Shehbaz Sharif said an official signing ceremony would take place on Friday in Switzerland.
Trump also said he authorized the reopening of the key Strait of Hormuz passageway, sending oil prices tumbling on Sunday. U.S. crude fell 5%.
Trump’s announcement came after an exchange of fire between Israel and the Tehran-backed Hezbollah in Lebanon raised uncertainty over whether the deal would get across the finish line on Sunday.
In Japan, the Nikkei 225 ballooned 5% Monday, while in Hong Kong, the Hang Seng moved forward 0.5%.
Oil prices faded $4.50 to $80.38 U.S. a barrel.
Gold prices brightened $121.10 to $4,359.90 U.S an ounce.
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