India, Aug. 4 -- Reversing the losses from Friday's session, Canadian stocks soared on Tuesday with freshly induced positivity after Qatar confirmed progress in the mediatory efforts to end the U.S.-Iran war while the U.S. hinted at the reopening of the Strait of Hormuz, possibly by today or tomorrow.
Notably, the markets remained closed on Monday on account of Civic Day Holiday.
After opening well above last Friday's close, today the benchmark S&P/TSX Composite Index traded firmly positive throughout the session before settling at 35,801.59, up by 575.45 points (or 1.63%).
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