Canadian Stocks Soar As U.S. Steps Up Efforts To End Gulf Crisis

A reported U.S. 15-point peace proposal to Iran spurred optimism that the Middle East war could end, sending Canadian equities sharply higher on Wednesday and extending gains from the prior two sessions. The development drove risk-on flows into Canadian stocks and likely reduced geopolitical risk premia for energy and broader markets, supporting equity performance.

Analysis

A reported U.S. 15-point peace proposal to Iran spurred optimism that the Middle East war could end, sending Canadian equities sharply higher on Wednesday and extending gains from the prior two sessions. The development drove risk-on flows into Canadian stocks and likely reduced geopolitical risk premia for energy and broader markets, supporting equity performance.