The Canadian market may open with a slightly positive bias Monday as reports suggest the U.S. and Iran are exploring a potential 45-day truce. The development comes amid heightened tensions following renewed U.S. threats against Iran.
- U.S. and Iran reportedly in indirect negotiations for a 45-day truce.
- Canadian market may open with a slightly positive bias due to potential de-escalation.
- Energy and defense sectors could be affected by reduced geopolitical tensions.
- S&P/TSX Composite Index closed higher on Thursday, supported by oil-linked stock gains.
- Asian markets closed higher on Monday despite regional holiday closures.
- West Texas Intermediate Crude oil futures fell 1.36% to $110.02 a barrel.
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