India, March 23 -- Rebounding from the slump over the past three sessions, Canadian stocks soared on Monday after U.S. President Donald Trump claimed U.S.-Iran talks to end the war are going well. Trump had also asked the U.S. forces to halt all planned attacks on Iran for five days.
After opening well-above the previous week's close, today the benchmark S&P/TSX Composite Index traded firmly positive throughout the session before settling at 31,883.81, up by 566.40 points (or 1.81%%).
Nine of the 11 sectors posted gains today, with the IT sector leading the pack.
Mutual attacks over the previous week between the U.S. and Israeli and Iranian forces in the ongoing gulf war pushed oil prices higher and kept up inflation concerns that trigge...