The S&P/TSX Composite Index edged higher around 36,000 on Monday as RBC, TD Bank, BMO, Scotiabank and CIBC each advanced nearly 1.5%, offsetting declines in energy and mining shares. Oil prices fell toward $101.19 on hopes that U.S. President Donald Trump could meet Iranian President Masoud Pezeshkian, who was expected at the United Nations General Assembly, while stronger regional crude flows eased immediate supply concerns. Canadian Natural and Suncor fell more than 2% and WPM lost about 2% as gold prices weakened. Lower crude prices helped yields ease and supported credit-sensitive shares, while Bank of Canada Governor Tiff Macklem said monetary policy cannot reverse tariffs or change gasoline prices but must assess whether such shocks will have lasting effects on inflation and economic growth. Broader markets also saw gains in French and Italian debt, lower UK gilt yields and a rise in Brazil’s Ibovespa, although depleted inventories, reduced spare capacity and unresolved export disruptions kept oil upside risks in place.