India, June 18 -- Canadian stocks may open with a negative bias on Thursday, weighed down by sharply lower oil and precious metals prices. The signing of an interim peace deal by Iran and the U.S. may help limit market's downside.
According to reports, U.S. President Donald Trump and his Iranian counterpart Masoud Pezeshkian electronically signed the "Islamabad Memorandum of Understanding."
The MoU will enter into force with immediate effect and as a first step, Iran will instantly reopen the Strait of Hormuz and the United States will immediately lift the naval blockade of Iranian ports.
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