India, June 11 -- Reversing yesterday's slide, Canadian stocks surged on Thursday as concerns of Middle East escalation diminished after U.S. President Donald Trump assured of a U.S.-Iran peace agreement soon and cancelled his earlier plans to hit Iran very hard and take control of Iran's Kharg Island.
After opening higher than yesterday's close, today the benchmark S&P/TSX Composite Index traded positive throughout the session before settling at 34,671.46, up by 520.14 points (or 1.52%).
Nine of the 11 sectors posted gains today, with the materials sector leading the pack.
The U.S.-Israel versus Iran war is in its fourth month.
Days before, following Iran's downing of a U.S. Apache helicopter that was patrolling across the Strait of Ho...