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Canadian Stocks Edge Higher As Oil Skyrockets Following Trump's Address

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsInvestor Sentiment & PositioningMarket Technicals & Flows

Canadian stocks extended gains for a third session, trading modestly higher as the energy sector and oil-linked names provided support after U.S. President Donald Trump vowed to attack Iran "extremely hard," raising geopolitical risk and underpinning oil prices. The move was sector-driven and muted for the broader market, reflecting risk-on positioning into energy amid heightened geopolitical uncertainty.

Analysis

Canadian stocks extended gains for a third session, trading modestly higher as the energy sector and oil-linked names provided support after U.S. President Donald Trump vowed to attack Iran "extremely hard," raising geopolitical risk and underpinning oil prices. The move was sector-driven and muted for the broader market, reflecting risk-on positioning into energy amid heightened geopolitical uncertainty.

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