The Toronto Stock Exchange is up 365 points at midday with investors buoyed by reports that U.S. President Donald Trump may “dilute” some planned April tariffs.
Info tech (+3%) the biggest gainer, followed by energy (+1.8%) and miners (+1.7%).
The telecoms sector is the sole decliner, down 0.3%.
Oil prices rose early on Monday as traders assess new sanctions imposed on Iranian exports last week by the United States, tightening supply ahead of OPEC+’s plan to add 138,000 barrels per day of new supply in April as it returns 2.2-million bpd of production cuts to the market in monthly tranches.
Gold prices rose, making up some of the losses sustained during Friday’s fall off a record high, as safe-haven demand continued. Meanwhile, natural gas was little changed as mild spring weather continues to limit demand ahead of the end of the heating season.
Monday’s gains come amid multiple reports that Trump’s announcement of universal,…
