India, June 16 -- With the G7 meeting in focus, Canadian stocks rebounded on Monday despite the Israel-Iran conflict that erupted last week.
Today, the benchmark S&P/TSX Composite Index opened 30 points higher than the previous session.
The index then rallied to hit the day's high of 26,681.74 within an hour or so, but unable to carry the momentum, fell gradually to settle at 26,568.61, still up up by 64.26 or 0.2%.
On the economic front, Canada's Mortgage and Housing Corporation data revealed that housing starts in Canada were above the market expectations of 248,000 units at 279,510 units in May, though 0.2% down compared to April.
All eyes are on the G7 summit in Kananaskis, Alberta, where leaders have convened to ensure stability in...