Canadian and U.S. stock markets up on hopes of deal to end war in the Middle East

AI Summary

The Canadian and U.S. stock markets experienced significant gains amid optimism surrounding potential resolutions to the conflict in the Middle East. Investors reacted positively, leading to substantial increases in major indices.

The S&P/TSX composite index was up 445.69 points at 34,012.60. In New York, the Dow Jones industrial average was up 621.07 points at 49,919.32.