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TORONTO — The futures market suggested U.S. stock markets are set to soar when they open for trading today after Iran, the United States, and Israel agreed to a two-week ceasefire.
The price of oil also fell following the deal that includes the reopening of the Strait of Hormuz.
The May crude oil contract was down US$17.98 at US$94.97 per barrel.
The ceasefire came after U.S. President Donald Trump threatened a bombing campaign that would destroy Iranian civilization.
The Canadian dollar traded for 72.08 cents US compared with 71.91 cents US on Tuesday.
The June gold contract was up US$128.80 at US$4,813.50 an ounce.
This report by The Canadian Press was first published April, 2026.
With files from The Associated Press
