Markets throughout North America zoomed Monday, amid word a deal was in place to end hostilities between the U.S. and Iran.
The TSX Composite Index soared 337.79 points, or 1%, to end Monday at 35,275.64.
The Canadian dollar dipped 0.15 cents to 71.46 cents U.S.
The framework, which is expected to be formally signed in Switzerland on Friday, does not address certain key issues including Iran's nuclear program and the conflict between Israel and Lebanon.
G Mining Ventures popped $4.79, or 13.4%, to $42.17, while Silvercorp Metals surged $1.30, or 8.2%, to $17.11. Americas Gold and Silver Corporation went skyward 67 cents, or 9.1%, to $8.05.
In tech issues, Celestica popped $13.39, or 2.4%, to $563.61, while Shopify galloped $5.80, or 3.8%, to $157.27.
Energy stocks went the other way, as Parex Resources dissolved $1.24, or 4.7%, to $25.15, while Baytex Energy dropped 32 cents, or 4.9%, to $6.13.
In real-estate, Colliers International let go of $3.17, or 2.3%, to $133.17, while units of Boardwalk REIT dipped $1.18, or 1.8%, to $64.44.
In telecoms, Cogeco faded $1.03, or 1.6%, to $65.60, while Quebecor lost 57 cents to $68.31.
On the economic slate, Statistics Canada reported 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 hiked 20.59 points, or 2.2%, to 979.82.
The 12 TSX subgroups were evenly split, the gainers led by gold, ahead 5.9%, while materials surged 4.9%, while information technology moved higher 1.1%.
The half-dozen laggards were weighed most by energy, slumping 2.8%, real-estate, off 1%, and telecoms, jettisoning 0.9%.
ON WALLSTREET
Stocks rose on Monday to kick off the holiday-shortened trading week as SpaceX extended its rally and after President Donald Trump announced that an agreement had been reached to end the war between the U.S. and Iran.
The Dow Jones Industrials jumped 467.59 points to close Monday at 51,671.83.
The S&P 500 index hiked 123.08 points, or 1.7%, to 7,554.54.
The NASDAQ hopped 795.10 points, or 3.1%, to 26,683.94.
SpaceX shares popped 10% after soaring 19% in their public market debut on Friday.
Trump said late Sunday on social media that a deal with Iran was “now complete.” The memorandum of understanding will be signed on Friday in Switzerland, according to Pakistan Prime Minister Shehbaz Sharif.
The announcement came after an exchange of fire between Israel and the Tehran-backed Hezbollah in Lebanon raised uncertainty over whether the agreement would get across the finish line on Sunday.
Trump also said he authorized the reopening of the key Strait of Hormuz passageway, sending oil prices tumbling. On Monday, Vice President JD Vance the media he expects the strait is “going to be opened in a toll-free way for the long term.”
Prices for the 10-year Treasury gained ground, lowering yields to 4.47% from Friday’s 4.49%. Treasury prices and yields move in opposite directions.
Oil prices retreated $3.45 to $81.43 U.S. a barrel.
Gold prices shone $100.70 brighter to $4,339.50 U.S. an ounce.
