The S&P/TSX Composite Index edged higher around 36,000 on Monday, led by gains among Canada’s major banks. RBC, TD Bank, BMO, Scotiabank and CIBC each advanced nearly 1.5%. Oil prices fell as markets responded to hopes for diplomatic progress between the United States and Iran. Iranian President Masoud Pezeshkian is expected to attend the UN General Assembly this week, and US President Trump said he would be open to meeting him. Lower crude prices cooled concerns about energy-driven inflation, helping yields ease and supporting credit-sensitive shares. Energy stocks declined, with Canadian Natural and Suncor shedding more than 2%, while miners were mostly lower as gold prices weakened; WPM lost about 2%. In a speech, BoC Governor Macklem emphasized that monetary policy cannot reverse tariffs or change gasoline prices, but said the Bank of Canada’s role is to assess whether such shocks will have lasting effects on inflation and economic growth.