TORONTO – Canada’s main stock index was up nearly 300 points in late-morning trading, helped by strength in the base metals and utilities sectors, while U.S. stock markets also climbed.
The move on the markets came as Iran dismissed a U.S. plan to pause the war in the Middle East, issuing its own counter-proposal instead.
The S&P/TSX composite index was up 291.29 points at 32,232.88.
In New York, the Dow Jones industrial average was up 225.51 points at 46,349.57. The S&P 500 index was up 29.38 points at 6,585.75, while the Nasdaq composite was up 154.49 points at 21,916.38.
The Canadian dollar traded for 72.44 cents US compared with 72.67 cents US on Tuesday.
The May crude oil contract was down US$3.33 at US$89.02 per barrel, while the April gold contract was up US$145.90 at US$4,547.90 an ounce.
This report by The Canadian Press was first published March 25, 2026.
— With files from The Associated Press.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
