Investors in Canada pretty much shrugged off nerves following the attacks by American armed forces on Iran, and increased their strength Monday.
The TSX grabbed 201.28 points to 34,541.27.
The Canadian dollar shook off 0.05 cents at 73.10. cents U.S. U.S. and Israeli strikes — and Iranian retaliation — rippled across sectors worldwide, from shipping and aviation to oil, while investors worried that a drawn-out regional war could push energy costs higher and disrupt business in the Gulf region.
U.S. President Donald Trump suggested on Sunday that the conflict with Iran could go on for the next four weeks.
Separately, India and Canada will aim to conclude a free trade pact by the end of this year, Prime Minister Mark Carney said on Monday during his first visit to New Delhi.
The two sides also agreed on a $2.6-billion uranium deal, under which Cameco will supply the fuel to India to support its nuclear ambitions and to work towards a clean, reliable base load power.
Shares in Cameco rocketed $10.53, or 6.5%, to $171.91.
Energy stocks led the parade, led in turn by IPCO, advancing $1.51, or 4.9%, to $32.74, while Enerflex grew $1.33, or 4.3%, to $31.94.
In industrials, Finning International picked up six dollars, or 6.5%, to $97.96, while MDA Corp. gained $2.50, or 6.3%, to $42.05.
In telecoms, Quebecor took hold of $1.69, or 3%, to $58.10, while Rogers jumped $1.61, or 3%, to $56.05.
Health-care stocks went the other way, as Curaleaf handed over 16 cents, or 5%, to $3.03, while Sienna Senior Living slipped off six cents to $23.42.
In information technology, Celestica shuffled away $13.78, or 3.6%, to $365.00, while Sangoma Technologies shed 20 cents, or 3.2%, to $6.10.
In real-estate, Granite REIT units fell $1.45, or 1.6%, to $90.52, while Dream Industrial REIT hesitated 22 cents, or 1.7%, to $13.06.
On the economic front, the S&P Global Canada Manufacturing PMI rose to 51.0 in February 2026 from 50.4 in the previous month, marking the second month of improvement and recording a 13-month high
ON BAYSTREET
The TSX Venture Exchange took on 10 points to 1,107.60.
Seven of the 12 TSX subgroups gained ground by the close, led by energy, towering 1.8%, industrials, up 1.2%, and telecoms, up 0.9%.
The five laggards were weighed most by health-care, tumbling 1.1%, while information technology and real-estate each subsided 0.6%.
ON WALLSTREET
The S&P 500 ended Monday just above the the flatline, rebounding from sharp declines earlier in the day, as investors bought the dip following U.S. and Israel strikes on Iran over the weekend.
The Dow Jones Industrial Average declined 73.14 points to 48,904.78.
The much-broader edged ahead 2.72 points to 6,881.60.
The NASDAQ regained 80.65 points to 22,748.86.
The S&P 500 inched up 0.04% after falling 1.2% at its lows. The NASDAQ Composite was higher by 0.36% after declining 1.6% at the low.
The Dow was lower by 73 points, or 0.15%. At its lows the Dow was down nearly 600 points.
Nvidia shares gained 3%, and Microsoft was up by more than 1%. Bank shares and other hard-hit stocks tied to the economy like Caterpillar were well off their lows with many trading higher.
The joint U.S.-Israeli strikes killed Supreme Leader Ayatollah Ali Khamenei, marking a watershed moment for the Islamic Republic and one of its most consequential episodes since 1979. Iranian officials vowed a forceful retaliation against the strikes, raising fears the conflict could escalate further across the region as blasts were heard in places such as Dubai and Abu Dhabi.
President Donald Trump told the media that U.S. military operations in Iran are “ahead of schedule,” but investors are still worried about a prolonged conflict despite those comments.
The three major averages rallied off their nadirs as gains in technology stocks such as Nvidia and Microsoft helped trim the losses. The NASDAQ was down as much as 1.6% at one point, while the S&P 500 and Dow pulled back around 1.2% each at their session lows.
On top of tech, a rise in defense stocks helped the major averages recoup a chunk of their losses. Northrop Grumman advanced around 4%, as did RTX, while Lockheed Martin climbed 2%.
Energy shares including Exxon Mobil and Chevron saw gains as well.
Prices for the 10-year Treasury weakened, hiking yields to 4.04% from Friday’s 3.96%. Treasury prices and yields move in opposite
directions.
Oil prices ended in positive country $5.21 to $72.27 U.S. a barrel.
Gold prices regained $101.70 to $5,349.60 U.S. an ounce.
