TSX Closer: The Index Climbs For a Sixth Day as the United States and Iran Agree to a Ceasefire

The Toronto Stock Exchange on Wednesday rose for a sixth-straight session. it longest winning streak since late November 2025 as a hoped for ceasefire in the war that pitched the United States and Israel against Iran has given already bullish investors the green light to go out and buy more.The resources-heavy S&P/TSX Composite Index closed up 383.05 points, or 1.15%, to 33,620.57, even with commodity prices mixed and as tensions persist across the Middle East. The U.S. markets did even better, with the S&P 500 up 2.5% and the Nasdaq Composite up 2.8%.Reflecting the mixed commodity prices, among sectors here Base Metals was easily the biggest gainer, up near 5.1%, on higher precious metals, while Energy was easily the biggest loser, down 4.5%, amid lower oil prices.According to FactSet the TSX going in to today was up 1,302.58 points or 4.08% over the prior five trading days, representing its largest five-day point and percentage gain since Friday, Feb. 20, 2026 and year-to-date was up 1,524.76 points or 4.81%.FactSet also noted going in to today the TSX was off 3.8% from its record close of 34,541.27 on March 2, and was up 32.6% from the U.S. Inauguration Day close of 25,067.92 on Jan. 20, 2025.Of commodities today, gold traded higher as the U.S. dollar plunged after the U.S. and Iran agreed to a two-week ceasefire and a likely re-opening of the Strait of Hormuz, easing fears of rising inflation and slowing growth while sending oil prices back below US$100 per barrel. Gold for May delivery was up US$81.80 to US$4,766.50 per ounce.West Texas Intermediate crude oil for May delivery closed down US$18.54 to settle at US$94.41 per barrel, while June Brent oil was down US$13.65 to US$95.62.

-- The Toronto Stock Exchange on Wednesday rose for a sixth-straight session. it longest winning streak since late November 2025 as a hoped for ceasefire in the war that pitched the United States and Israel against Iran has given already bullish investors the green light to go out and buy more.

The resources-heavy S&P/TSX Composite Index closed up 383.05 points, or 1.15%, to 33,620.57, even with commodity prices mixed and as tensions persist across the Middle East. The U.S. markets did even better, with the S&P 500 up 2.5% and the Nasdaq Composite up 2.8%.

Reflecting the mixed commodity prices, among sectors here Base Metals was easily the biggest gainer, up near 5.1%, on higher precious metals, while Energy was easily the biggest loser, down 4.5%, amid lower oil prices.

According to FactSet the TSX going in to today was up 1,302.58 points or 4.08% over the prior five trading days, representing its largest five-day point and percentage gain since Friday, Feb. 20, 2026 and year-to-date was up 1,524.76 points or 4.81%.

FactSet also noted going in to today the TSX was off 3.8% from its record close of 34,541.27 on March 2, and was up 32.6% from the U.S. Inauguration Day close of 25,067.92 on Jan. 20, 2025.

Of commodities today, gold traded higher as the U.S. dollar plunged after the U.S. and Iran agreed to a two-week ceasefire and a likely re-opening of the Strait of Hormuz, easing fears of rising inflation and slowing growth while sending oil prices back below US$100 per barrel. Gold for May delivery was up US$81.80 to US$4,766.50 per ounce.

West Texas Intermediate crude oil for May delivery closed down US$18.54 to settle at US$94.41 per barrel, while June Brent oil was down US$13.65 to US$95.62.