Canadian Stocks Advance as U.S.-Iran Deal Optimism Spurs Buying

Canadian equities climbed on May 29, 2026, as expectations of a sanctions-easing deal between Washington and Tehran lifted investor sentiment. The S&P/TSX Composite Index rose, mirroring a broader risk-on move across global markets. A potential agreement would allow Iranian crude to re-enter world markets, potentially pushing energy prices lower and easing inflation concerns. Energy stocks, a dominant sector in the index, traded mixed as the prospect of lower oil prices tempered enthusiasm. Financial and industrial shares led the rally, reflecting optimism that reduced geopolitical friction will support economic growth. Negotiations are expected to continue in the coming weeks.