Canadian stocks turned in a mixed performance on Friday as cautious trade prevailed amid U.S.-Iran tensions. The benchmark S&P/TSX Composite Index rose 54.74 points or 0.16% to 34,904.95, with materials, technology, and real estate sectors faring well while consumer staples, communications, and energy were mostly subdued. U.S. President Donald Trump blamed Iran for an attack on a ship near Oman, saying it violated their ceasefire, after Tehran insisted it would control the Strait of Hormuz and warned Gulf states not to side with Washington. In economic news, Canada's wholesale trade is estimated to have declined 0.7% month-over-month in May 2026, reversing a 0.6% increase in the previous month, according to Statistics Canada.