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Canada’s stock market rose after U.S. signals of Middle East progress eased inflation fears.
Canada’s S&P/TSX Composite rose 0.3% to 33,189.32 on Monday, recovering from an early 2.2% drop as U.S. President Trump signaled progress in the Middle East conflict, easing fears of prolonged war and inflation.
Tech stocks led gains, rising 2.4%, while oil prices initially surged past $100 a barrel before falling 6% to $85.45 amid speculation the U.S. may ease sanctions on Russia.
Markets rebounded after earlier turmoil driven by Iran’s appointment of Mojtaba Khamenei and attacks on oil infrastructure, though analysts warn sustained high energy costs could threaten growth.
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El mercado de valores de Canadá subió después de que las señales estadounidenses de progreso en Oriente Medio aliviaran los temores a la inflación.