TORONTO — Canada’s main stock index reached a new record high on Monday, helped by gains in the basic materials sector, while U.S. markets also gained ground.

Oil prices fell after the U.S. and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz.

The S&P/TSX composite index was up 337.79 points at 35,275.64.

In New York, the Dow Jones industrial average was up 468.77 points at 51,671.03. The S&P 500 index was up 122.83 points at 7,554.29, while the Nasdaq composite was up 795.10 points at 26,683.94.

The Canadian dollar traded for 71.52 cents US compared with 71.55 cents US on Friday.

The July crude oil contract was down US$4.13 at US$80.75 per barrel, the August gold contract was up US$112.80 at US$4,351.60 per ounce.

This report by The Canadian Press was first published June 15, 2026.

— With files from The Associated Press

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press