TORONTO – Canada’s main stock index looked to regain some of its recent losses as it rose more than 250 points in early trading, while U.S. stock markets also climbed higher.
The moves came as U.S. President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz, saying the U.S. will hold off on striking power plant for five more days.
The S&P/TSX composite index was up 276.57 points at 31,593.98.
In New York, the Dow Jones industrial average was up 656.36 points at 46,233.83. The S&P 500 index was up 86.63 points at 6,593.11, while the Nasdaq composite was up 323.68 points at 21,971.29.
The May crude oil contract was down US$7.35 at US$90.88 per barrel, while the April gold contract was down US$150.00 at US$4,424.90 an ounce.
The Canadian dollar traded for 72.91 cents US compared with 72.90 cents US on Friday.
This report by The Canadian Press was first published March 23, 2026.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
