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Canada's Stock Index Soars Amid Hopes for Hormuz Reopening

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Canada's main stock index rose by more than 300 points on August 5, 2026, amid hopes of the Hormuz Strait reopening. The critical waterway has been a source of tension in the global economy, and a potential agreement to reopen it could ease pressure and bring an end to the war.

According to Donald Trump, an announcement about the deal could be made soon, as Iran and Oman inch toward a agreement.

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