After opening modestly higher, the Canadian market gained further ground in positive territory Friday morning, supported by strong gains in materials, technology, utilities and energy sectors.
Slight optimism about a positive outcome from the upcoming diplomatic talks between the U.S. and Iran contributed to the bullish sentiment in the market.
Investors also digested the nation's jobs data.
The benchmark S&P/TSX Composite Index was up 205.60 points or 0.61% at 33,683.31 about a quarter before noon.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.