Oil Plunge Eases Inflation Fears as Fed Holds, WestJet Strike Ends

Crude oil cratered 6.3% on Monday to $79.29 per barrel after President Trump called off planned strikes against Iran and announced fresh peace negotiations, slashing the energy cost that had been the single biggest inflation headache for central banks from Ottawa to Washington.

Money Moves

• S&P/TSX dropped 0.79% to 35,226 — Canada's benchmark fell despite the oil rout, as energy stocks held up (+0.55%) but broader weakness dragged the index lower
• **Crude...