Canada: TSX Reverses Early Session Losses, Closes Higher.

Canada’s S&P/TSX Composite Index staged a late-session recovery on Monday to close 0.3% higher at 33,189 as de-escalating geopolitical tensions dismantled the stagflationary fears that had initially pressured North American markets. After a volatile morning where energy prices spiked, the index found a steady floor as West Texas Intermediate crude retreated below $90 per barrel following optimistic comments regarding the security of the Strait of Hormuz. Technology and materials sectors led the turnaround with Shopify advancing 2.6% and Agnico Eagle Mines jumping 1.8%, while Cameco surged 5.9% as investors refocused on long-term resource fundamentals. Despite the broader rebound, the financial sector remained a pocket of weakness as Scotiabank and CIBC fell 1.8% each, amid lingering caution over the domestic interest rate path.