TSX hits record high as easing Iran tensions lift miners and revive risk appetite - Tekedia

Canada’s TSX hit a record high as easing Iran tensions lifted risk appetite and boosted miners.

Materials and gold shares led gains, with Aya Gold & Silver, Hudbay Minerals, and Americas Gold & Silver outperforming.

Energy stocks slipped as crude prices fell on hopes of U.S.-Iran diplomacy and reduced Strait of Hormuz risk.

Major Canadian banks were mixed to lower, while investors also watched the North American trade review.

The rally underscores how geopolitical easing can quickly support equities while pressure on oil weighs on energy names.