TORONTO – Canada’s main stock index was up more than 300 points in late-morning trading, while U.S. stock markets also surged higher amid hopes the war in the Middle East could end.
The price of oil also fell below US$100 per barrel after U.S. President Donald Trump claimed that Iran “has just asked the United States of America for a CEASEFIRE!”
The S&P/TSX composite index was up 306.42 points at 33,074.46.
In New York, the Dow Jones industrial average was up 424.69 points at 46,766.20. The S&P 500 index was up 65.41 points at 6,593.93, while the Nasdaq composite was up 325.05 points at 21,915.68.
The Canadian dollar traded for 71.99 cents US compared with 71.74 cents US on Tuesday.
The May crude oil contract was down US$2.29 at US$99.09 per barrel, while the June gold contract was up US$121.50 at US$4,800.10 an ounce.
This report by The Canadian Press was first published April 1, 2026.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
