TSX Jumps 433 Points at Midday After U.S.-Iran Ceasefire Deal

The Toronto Stock Exchange has rallied sharply today, jumping over 433 points at midday, after Tuesday evening's news about a two-week ceasefire deal between the U.S. and Iran, brokered by Pakistan.The best performers are miners, up 5.8%, boosted by higher metals prices.Energy and telecoms are the sole decliner, down 5.3% and 0.2%, respectively. Oil prices plunged after the two-week ceasefire deal was announced, that possibly includes a re-opening of the Strait of Hormuz. Reuters reports shippers are "seeking clarity" from the U.S. and Iran about navigating the strait.In stocks, Blackline Safety (BLN.TO) is up 26% to $8.93 after Francisco Partners said it would acquire the company in a deal worth up to $850 million.

-- The Toronto Stock Exchange has rallied sharply today, jumping over 433 points at midday, after Tuesday evening's news about a two-week ceasefire deal between the U.S. and Iran, brokered by Pakistan.

The best performers are miners, up 5.8%, boosted by higher metals prices.

Energy and telecoms are the sole decliner, down 5.3% and 0.2%, respectively. Oil prices plunged after the two-week ceasefire deal was announced, that possibly includes a re-opening of the Strait of Hormuz. Reuters reports shippers are "seeking clarity" from the U.S. and Iran about navigating the strait.

In stocks, Blackline Safety (BLN.TO) is up 26% to $8.93 after Francisco Partners said it would acquire the company in a deal worth up to $850 million.