India, June 12 -- Canadian stocks look headed for a positive start Friday morning amid rising hopes the U.S. and Iran will strike a peace deal this weekend.

U.S. President Donald Trump said a "great settlement" to end the conflict with Iran has been reached, and that a signing ceremony could take place in Europe as early as this weekend.

However, Tehran said no final deal has been approved and that disputes over frozen funds and Strait of Hormuz security remain unresolved.

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