U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
Canada and Germany Advance Major LNG Supply Partnership 
Canadian stocks finished higher at the close of trading on Monday, driven by strong gains in the Materials, Energy, and Consumer Staples sectors, pushing the benchmark S&P/TSX Composite Index to a fresh all-time high. The Toronto market showed resilience despite mixed global cues, with investors focusing on commodity strength and selective stock momentum.
By the end of the session, the S&P/TSX Composite Index rose 0.15%, extending its record-breaking run. Gains were led primarily by mining and resource-related stocks, supported by a sharp rise in gold prices and stable energy markets. Market breadth was mixed, as declining stocks slightly outnumbered advancing ones on the Toronto Stock Exchange, highlighting selective buying rather than broad-based optimism.
IAMGold Corporation emerged as the top performer on the TSX, surging 9.73% to close at 26.28, marking a new all-time high. G Mining Ventures Corp also posted strong gains, climbing 5.47% to 43.17, while Silvercorp Metals Inc advanced 5.21% to 16.56, also reaching a record level. These gains reflected renewed investor interest in precious metals stocks amid rising gold futures.
On the downside, Bitfarms Ltd fell 5.58% to 3.89, weighing on the technology and crypto-related segment. Open Text Corp declined 4.05% to 40.32, while goeasy Ltd dropped 3.92% to close at 129.03, making them among the session’s weakest performers.
Market volatility increased notably, with the S&P/TSX 60 VIX jumping 16.21% to 15.13, its highest level in a month, suggesting growing short-term uncertainty among investors.
In commodities, gold futures for February delivery surged 1.77% to $4,676.70 per troy ounce, providing strong support to mining stocks. Crude oil prices were marginally higher, with WTI crude at $59.43 a barrel and Brent crude at $64.16. In currency markets, the Canadian dollar was largely unchanged against both the U.S. dollar and the euro, while the U.S. Dollar Index Futures slipped 0.35%, adding further support to commodity prices.
Overall, the Canadian stock market ended the session on a positive note, underpinned by strong commodity performance and selective investor optimism.
