Canada: TSX Nears Record High on US-Iran Deal Hopes.

The S&P/TSX Composite Index edged up to trade close to the 35,000 mark, approaching record levels, amid renewed optimism over US-Iran diplomacy. According to senior officials, the two countries may sign an agreement to reopen the Strait of Hormuz on the sidelines of next week’s G7 summit. Oil prices eased, reducing inflation concerns and reducing expectations of monetary tightening, supporting financial stocks and the broader market. RBC gained over 0.5%, while TD Bank and BMO advanced about 1%. Mining stocks also traded higher despite lower gold prices, with Agnico Eagle and WPM up nearly 1%. Industrial and infrastructure names posted gains, with TC Energy rising more than 0.5%. In contrast, energy stocks retreated, with Imperial Oil losing more than 0.5%. Shopify shed over 2%, tracking weakness in US technology stocks.