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S&P/TSX Composite Index Rallies to Close Higher Amid Easing Middle East Tensions

  • The S&P/TSX Composite Index overcame early setbacks to finish higher, supported by reduced geopolitical tensions between Israel and Iran easing market volatility.
  • U.S. markets also recovered, with tech stocks gaining ahead of crucial earnings reports, snapping lengthy losing streaks.
  • In Canada, the resource sector struggled particularly gold miners, as reduced geopolitical risk lessened gold's appeal as a haven.