TSX Gains 0.8% as Iran Peace Hopes Rise

Canadian S&P/TSX 60 rose 15 points (0.8%) by 12:16 ET, putting the index on track for a fourth consecutive weekly gain.
Iran’s foreign minister announced the full reopening of the Strait of Hormuz, prompting optimism and pushing oil prices below $100 per barrel.
US markets rose, with Dow up 1,039 points (2.1%) and Nasdaq up 383 points (1.6%); both on weekly gain track.
Corporate earnings highlighted Netflix’s lower revenue outlook and chairman Reed Hastings’ upcoming board exit, while Alcoa and Autoliv reported mixed first‑quarter results.