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Canadian Stocks Edge Higher Amid Rising Expectations Of U.S.-Iran Peace Deal

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Interest Rates & YieldsCommodities & Raw MaterialsGeopolitics & WarMarket Technicals & Flows

Canadian stocks edged higher Wednesday as concerns about near-term U.S. rate hikes eased after President Donald Trump’s reassurance around a potential U.S.-Iran agreement. A large rally in the gold-linked materials sector was a key driver of gains, reflecting improved sentiment toward gold as rate-hike fears faded.

Analysis

Canadian stocks edged higher Wednesday as concerns about near-term U.S. rate hikes eased after President Donald Trump’s reassurance around a potential U.S.-Iran agreement. A large rally in the gold-linked materials sector was a key driver of gains, reflecting improved sentiment toward gold as rate-hike fears faded.

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