Canadian Stocks Regain Ground Despite Middle East Concerns

From Nasdaq.: 2025-06-16 16:39:00

Canadian stocks rebounded on Monday despite the Israel-Iran conflict, with the S&P/TSX Composite Index up by 0.2%. Housing starts in Canada for May exceeded expectations at 279,510 units. The G7 summit in Alberta aims to stabilize markets and advance trade deals, with hopes for a US-Canada trade agreement. Iran is reportedly open to ending hostilities and restarting nuclear talks with the US and Israel. Investors await the Federal Reserve’s announcement on monetary policy, expecting interest rates to remain unchanged. Gainers included Blackberry, Lightspeed Commerce, and Shopify, while losers included G Mining Ventures and Torex Gold.



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