FX.co ★ Canadian Stocks Rise on Monday

Canada’s S&P/TSX Composite Index advanced 0.5% to 35,801 points on Monday, partly rebounding from Friday’s steepest single-day drop in nearly six months. The recovery was driven by gains in financials, materials, and industrials, even as the energy sector slumped. Gold prices climbed, while oil fell more than 7% amid optimism over a potential diplomatic resolution to tensions between the US and Iran. On the trade front, US President Trump said his administration had established a framework for a new trade agreement with Canada, and Prime Minister Mark Carney described the talks as constructive. Among major movers, Royal Bank of Canada rose 0.8%, Bank of Montreal gained 1.1%, and Canadian Natural Resources declined 4.2%.