The Canadian market remains firmly up in positive territory Friday afternoon thanks largely to strong gains in materials stocks. Several stocks from real estate, consumer discretionary and financials sectors too are up with impressive gains.
The undertone in the market is quite firm amid expectations Iran and the U.S. could sign a peace deal as early as this Sunday.
The benchmark S&P/TSX Composite Index was up 280.02 points or 0.81% at 34,951.48 a little while ago.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.