US EditionS&P/TSX Composite Finishes Higher Despite Lower Oil Prices, U.S. Stock Markets Up
- On June 24, 2025, Canada's S&P/TSX composite index rose over 100 points in Toronto while U.S. stock markets also gained and oil prices declined.
- The rise in stocks followed U.S. President Trump's announcement of an Israel-Iran ceasefire and the removal of a US$10 geopolitical premium from oil prices.
- Strength in U.S. technology stocks broadly rallied Canadian markets, and oil prices fell sharply as tensions eased without targeting oil production or transport.
- Philip Petursson noted that the level of uncertainty has decreased compared to the start of the quarter, enabling investors to concentrate more on core factors such as valuation and earnings growth.
- These market movements suggest investors responded positively to improved geopolitical stability, shifting risk focus back to economic and company performance factors.
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S&P/TSX composite rises even as price of oil falls, U.S. stock markets move higher
TORONTO — Strength in technology and base metal stocks helped Canada’s main stock index climb in late-morning trading, while U.S. markets also rose. The S&P/TSX composite index was up 88.18 points at 26,697.54. In New York, the Dow Jones industrial average was up 406.92 points at 42,988.70. The S&P 500 index was up 55.33 points […]
·Toronto, Canada
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Total News Sources18
Leaning Left9Leaning Right0Center2Last UpdatedBias Distribution82% Left
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- 82% of the sources lean Left
82% Left
L 82%
C 18%
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