
The S&P/TSX Composite Index was little changed near the 36,000 mark on Thursday following a record close, amid uncertain prospects of a US-Iran peace deal and another round of corporate earnings. Oil prices rose as markets remained cautious over the Iran-Oman talks after traffic through the Strait of Hormuz and the Bab el-Mandeb Strait declined following Houthi claims of a missile attack on a oil tanker. Higher oil prices pushed bond yields higher. Credit-sensitive stocks traded near the flatline. Canadian Natural (+1.5%) gained after beating second-quarter profit estimates, supported by stronger oil and natural gas prices. Lundin Mining fell nearly 1.5% despite reporting higher second-quarter revenue. WPM (+0.5%) and Sun Life Financial (+0.3%) are set to report earnings after the close. Shopify gained 0.5% after at least six brokerages raised their price targets. Celestica plunged 13% after pricing a common share offering at a significant discount to the previous session’s close.





