Extending the gains made from two consecutive sessions last Friday, on Monday, Canadian stocks climbed sharply following Sunday's announcement by U.S. President Donald Trump that a framework agreement has been reached between the U.S. and Iran which was confirmed by Iran as well.
After opening higher than last Friday's close, today the benchmark S&P/TSX Composite Index traded firmly positive before settling at 35,275.64, up by 337.79 points (or 0.97%).
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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.