India, Nov. 9 -- Canadian stocks are up sharply on Monday amid easing concerns about inflation following a sharp drop in oil prices. Materials stocks are up, riding on firm precious metals prices.

Stocks from financials, industrials and consumer discretionary sectors are among the other major gainers.

Oil prices fell sharply following remarks by U.S. President Donald Trump that renewed military strikes on Iran were "highly unlikely" while talks to end their eight-month-old conflict continue.

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