Canada’s benchmark stock index declined on Tuesday, pressured by losses in the mining sector, as investors remained cautious amid ongoing uncertainty surrounding US–Iran negotiations ahead of the ceasefire deadline, which was supposed to be today.
The ceasefire deal has been extended until negotiations conclude. President Donald Trump told reporters he believes Washington and Tehran can reach a “great deal”, but warned that the US military is prepared to strike Iran if no agreement is reached, adding that he does not intend to extend the deadline… only to extend the deadline. His comments followed an earlier Truth Social post in which he said Iran had “violated the ceasefire numerous times.” Meanwhile, Amazon (NASDAQ:AMZN) shares climbed 1.26 per cent after the company agreed to invest up to US$25 billion in artificial intelligence startup Anthropic, helping to offset some losses for the Dow.
The Canadian dollar traded for 73.20 cents US compared to 73.28 cents US on Monday.
US crude futures traded US$1.31 higher at US$88.73 a barrel, and the Brent contract rose US$1.92 to US$97.40 a barrel.
The price of gold was down US$102.30 to US$4,707.59.
In world markets, the Nikkei was up 524.28 points to ¥59,349.17, the Hang Seng was up 126.41 points to HK$26,487.48, the FTSE was down 110.99 points to ₤10,498.09, and the DAX was down 146.93 points to €24,270.87.
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