(RTTNews) - The Canadian market is up firmly in positive territory on Tuesday, supported by strong gains in healthcare, technology and materials sectors. Several stocks from utilities, industrials, consumer discretionary and consumer staples sectors are also up with notable gains. Oil prices dropped for a fifth straight session, easing concerns about inflation. Reports about Iran offering to reopen the Strait of Hormuz within a week if U.S. takes steps to drop military action resulted in oil's slide. Meanwhile, in his speech to the United Nations today, U.S. President Donald Trump said he has to decide whether to make a deal with Iran or "annihilate" the country. "While others have spoken of peace, I have made peace.
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