Oil's elevated floor is holding energy names aloft while U.S. equities close at records. The divergence between the two markets tells the story of two very different risk calculations.

A technical ceasefire between the U.S. and Iran has cooled the worst-case scenario. But the Strait of Hormuz remains largely closed, the IEA calls this the largest supply disruption in market history, and oil prices have a floor the market has not fully priced.

A 14-point US-Iran memorandum of understanding is taking shape, with Iranian responses expected imminently. The deal's structure, not its signing, is now the variable that matters for Canadian energy and bond holders.

Oil's surge since late February has generated significant unrealized capital gains in non-registered accounts. With the 50% inclusion rate confirmed for 2026 and a Hormuz resolution potentially on the horizon, the window for managing those gains is narrowing.

Cenovus posted an 83% profit jump. Suncor beat expectations. Both fell roughly 4%. The TSX is opening flat against record highs in the US. The market is not confused. It is pricing a specific future.

S&P 500 +3.6%, Nasdaq +4.7%, Dow +3%. Best weekly gain since November, snapping a five-week losing streak. S&P closed Friday at 6,816.89, Nasdaq at 22,902.89, Dow at 47,916.57.

The TSX closed Thursday at 33,477, down 0.42% on the session as the energy sector unwound while financials caught a bid on the prospect of a more cautious BoC

The TSX closed up 0.5% to roughly 33,500. Financials added another 0.5%, oil fell below $95, and Canadian energy names rallied anyway. CNQ +1%, Suncor +0.6%

The TSX closed up 383 points at 33,620 on Wednesday -- a broad relief rally driven by the US-Iran ceasefire announcement. The S&P 500 gained 2.52%, the Dow added 1,329 points, and the Nasdaq rose 2.82

TSX is up 0.27% in morning trading, sitting near 33,196, with financials leading gains -- RBC, TD, BMO, and CIBC all advancing between 0.65% and 0.9%. Energy is broadly flat despite oil edging slightl

A 45-day ceasefire framework is being discussed between the U.S., Iran, and regional mediators, according to multiple sources cited by Axios and NBC News. Trump has not signed off on the proposal. He

The S&P 500 is down 5.1% year-to-date as Liberation Day tariffs took effect April 2 under a new Section 301 framework. The "Sell America" trade that emerged one year ago has become a structural realit

IEA Executive Director Fatih Birol warned Wednesday that the energy crisis sparked by the Iran war "will be much worse" in April than March, because pre-war cargo shipments that transited the Strait b