12:17 PM EDT, 05/11/2026 (MT Newswires) -- The Toronto Stock Exchange is up 102 points at midday with most sectors higher.

Miners and energy are the best performers, up 2.8% and 1.3%, respectively.

Info tech and Industrials are the worst performers, down 2.5% and 1.3%, respectively.

Oil prices rose early on Monday after the United States rejected Iran's response to its peace proposal, calling it unacceptable, continuing the war that has produced the largest-ever energy supply shock.

Gold traded lower early Monday as the dollar and yields rose after the United States rejected Iran's response to its peace plan offered last week, calling the country's response unacceptable.

The Bank of Canada is seen increasing its policy rate in March 2027, according to findings in its own first quarter Market Participants Survey (MPS) released Monday. The MPS showed a median of 28 financial participants expect the policy rate to rise by 25bps to 2.50% in March 2027. The Q4 2025 MPS had predicted a 25bps rate hike in Q2 2027. Among other findings, a median of market participants forecast the consumer price index to be 2.6% at the end of the year and 2.1% at the end of 2027. The Q4 2025 MPS had projected CPI at 2.1% at the end of this year, as well as 12 months later.

The Q1 MPS also showed the median response saw gross domestic product growth at 1.6% this year and at 1.9% in 2027. Both are unchanged from the previous survey. The survey was conducted from March 25 to April 1.