FX.co ★ TSX Rebounds on Monday

The S&P/TSX Composite Index experienced an increase of approximately 0.4%, surpassing the 26,600 threshold on Monday. This rise was driven by investors gradually shifting their focus away from concerns that the Israel–Iran conflict could trigger a wider economic disruption. Instead, attention turned towards this week's G7 summit and the forthcoming policy announcement from the U.S. Federal Reserve. Although exchanges of airstrikes between Tehran and Tel Aviv persisted over the weekend, there was no significant escalation involving allied forces or interruptions in global energy supply, which helped revive a moderate risk appetite among investors. Market participants are also closely monitoring the G7 summit for potential responses to global flashpoints, such as the ongoing crises in the Middle East and Ukraine, as well as persistent trade tensions. On the domestic front, key financial and technology sectors fueled the upward movement. Notably, major players such as RBC, TD Bank, Brookfield, BMO, and Scotiabank each recorded gains ranging from 0.9% to 1.4%. Additionally, Shopify saw an impressive rise of around 2%, continuing to benefit from its strong performance in the e-commerce sector.