Canada's main stock index ?rose to a record high on Tuesday after U.S. President Donald Trump said at the G7 summit that Washington's deal with Tehran was moving ahead.
The TSX Composite Index stayed in the plus column 50.01 points to stop for lunch Tuesday at 35,325.65.
The Canadian dollar eked up 0.03 cents to 71.50 cents U.S.
The interim agreement would extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz, which has been effectively blocked ?since February, after U.S.-Israeli strikes against Iran.
SSR Mining jumped $3.44, or 8.8%, to $43.89, while NovaGold Resources climbed 26 cents, or 2.3%, to $11.59, and Seabridge Gold rose 68 cents, or 1.6%, to $43.18.
Apparel maker Gildan Activewear fell $19.15, or 22.1% to $67.48, after Jehoshaphat Research said it is shorting the stock.
Doubts swirled around the interim ?deal to end the war in the Middle East as shippers said it could take weeks for confidence to ?return after any reopening of the Strait ?of Hormuz, and both countries said a permanent truce was yet to be negotiated.
On the economic slate, data from the Canadian Real Estate Association showed Canadian home sales rose 5.5% in May, making up some ground after a slow start to the typically active spring market, ?and prices edged lower.
Elsewhere, foreign investors acquired $46.9 billion of Canadian securities in April, led by a record investment in federal government bonds.
Meanwhile, Canadian investors sold $11.4 billion of foreign securities, following five consecutive monthly investments totaling $70.3 billion.
ON BAYSTREET
The TSX Venture Exchange registered 0.91 points lower to 978.91.
Seven of the 12 TSX subgroups were lower, with consumer discretionary stocks tumbling 3.1%, energy, tailing off 2%, and telecoms, settling 0.9%.
The five gainers were led by gold, brighter 1.6%, materials, up 1.1%, and financials richer 0.7%.
ON WALLSTREET
The Dow Jones Industrial Average rose on Tuesday, while SpaceX built on its monster post-IPO rally, after the index climbed to a fresh record during the previous session thanks to a potential deal between the U.S. and Iran.
The 30-stock was propelled higher 456.75 points midday Tuesday to 52,127.78, supported by Goldman Sachs and Caterpillar. The blue-chip index scored a new all-time intraday high.
The S&P 500 index dipped 12.68 points to 7,541.61.
The NASDAQ fell 137.25 points to 26,325.65.
SpaceX popped 10%, adding to its sharp gains since going public last week. With its gains, SpaceX had at one point surpassed both Microsoft and Amazon in market cap during the session. The company priced its initial public offering at $135. It last traded around $212.
Pakistani Prime Minister Shehbaz Sharif said that both sides have declared the termination of their military operations on all fronts, with an official signing ceremony to take place this Friday in Switzerland.
A senior Trump administration official told media outlets that the memorandum of understanding was already signed electronically on Sunday.
Prices for the 10-year Treasury gained ground, lowering yields to 4.43% from Monday’s 4.47%. Treasury prices and yields move in opposite directions.
Oil prices weakened $4.01 to $76.74 U.S. a barrel.
Gold prices withered $8.30 to $4,343.30 U.S. an ounce.
