The S&P/TSX Composite Index traded narrowly around the 26,570 level on Tuesday as the Iran–Israel conflict entered its fifth day, driving investors toward havens amid fears of broader regional escalation. US President Trump’s call for Tehran’s “full evacuation” and his quip that “Iran should have signed the ‘deal’ I told them to sign” intensified market jitters, even as reports emerged that Iran was lobbying Arab states to press for a ceasefire in exchange for flexibility on nuclear talks.
Back home, Prime Minister Justin Trudeau surprised markets by announcing he and President Trump have tasked their teams with finalizing a new economic and security pact within 30 days. In sector moves, energy names such as Canadian Natural, Suncor and Cenovus rallied around 1% on firmer oil prices, while Agnico Eagle led miners higher amid gold’s safe-haven bid. Conversely, growth-stock Shopify underperformed, slipping nearly 1% as investors rotated toward defensive sectors.
