India, May 25 -- Canadian stocks surged again on Monday after ending last week with three consecutive sessions of gains as signals of a U.S.-Iran peace deal continue to grow stronger.
After opening above previous week's close, today the benchmark S&P/TSX Composite Index initially gained momentum to hit a new intra-day record high of 34,846.50 and then gave ground but traded firmly positive throughout the rest of the session before settling at 34,830.89, up by 359.53 points (or 1.04%).
Ten of the 11 sectors posted gains today, with the materials sector leading the pack.
Efforts to end the nearly three-month-long U.S.-Israel versus Iran war intensified over the past few days.
Through Truth Social, U.S. President Donald Trump messaged that...