TSX hits record as Wall Street slips and oil swings on Iran deal doubts
The moves followed renewed doubts about a US-Iran settlement.
Iran’s top security official, Mohsen Rezaei, said on Tuesday the Strait of Hormuz would stay closed until Washington met Tehran’s conditions, including the release of frozen assets, Reuters reported.
Shipping traffic through the waterway fell to six vessels on Monday, well below the pre-war average of 125 to 140.
Among Canadian movers, Cargojet climbed 8.59 percent after posting a $7m second-quarter profit, reversing a $3.2m loss a year earlier, as per the Canadian Press.
Cineplex fell 5.3 percent despite swinging to a profit, and RBC analyst Drew McReynolds said in a note the company fell short on adjusted earnings.
