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CANADA STOCKS-TSX notches six-week high on Middle East optimism
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CANADA STOCKS-TSX notches six-week high on Middle East optimism
Apr 15, 2026 1:35 PM

* TSX ends up 0.2% at 34,155.99

* Posts highest closing level since March 2

* Technology sector adds 3.6%

* BRP tumbles 35.4% after suspending guidance

(Updates to the close of markets)

By Tharuniyaa Lakshmi and Fergal Smith

TORONTO, April 15 (Reuters) - Canada's main stock index

edged up to a six-week high on Wednesday as investors weighed

prospects of a resolution to the conflict in the Middle East,

but declines for energy and metal mining shares helped limit

gains.

The S&P/TSX Composite Index ended up 53.63 points,

or 0.2%, at 34,155.99, marking its highest closing level since

March 2, when the index posted a record high.

U.S. President Donald Trump said the war he launched with Israel

on Iran was close to over, as the army chief of mediator

Pakistan arrived in Tehran to try to prevent a renewal of the

conflict.

"Markets are taking their cues from developments around Iran

... but Canada's oil-heavy exposure means softer crude prices

are limiting how far the rebound can go," said Brian Madden,

chief investment officer at First Avenue Investment Counsel.

The technology sector rose 3.6%, with shares of

e-commerce company Shopify ( SHOP ) adding 8.1%.

Heavily weighted financials ended 0.9% higher.

Four of 10 major sectors lost ground, including energy

, which was down 0.5%.

The price of oil, one of Canada's major exports,

settled 1 cent higher at $91.29 a barrel but was trading well

below the peak levels it reached in recent weeks.

The materials group, which includes metal mining shares,

fell 1.8% as the price of gold fell.

Shares of BRP tumbled 35.4%. The powersports

products company suspended its guidance following a recent

amendment to U.S. sectoral tariffs.

BRP's decline weighed on the consumer discretionary sector

, which fell 2%.

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