Bay Street Seen Opening On Positive Note

The U.S. President postponed strikes on Iran's power plants and energy infrastructure for five days, pushing Canadian stocks toward a positive open on Monday. The de-escalation should modestly lift risk assets and reduce near-term energy-market tail risk, but monitor energy prices and ongoing geopolitical headlines for further moves.

Analysis

The U.S. President postponed strikes on Iran's power plants and energy infrastructure for five days, pushing Canadian stocks toward a positive open on Monday. The de-escalation should modestly lift risk assets and reduce near-term energy-market tail risk, but monitor energy prices and ongoing geopolitical headlines for further moves.