The Canadian market is up firmly in positive territory on Monday with stocks from across several sectors moving higher on strong buying amid rising optimism Iran and the United States will agree on a peace deal that could results in the reopening of the Strait of Hormuz.
Worries about inflation and growth have eased a bit following a sharp drop in oil prices. West Texas Intermediate Crude oil futures are down as much as 5.2% at $91.55 a barrel.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.