Market Overview - The S&P/TSX composite index increased by 205.25 points, reaching 33,594.98, driven primarily by the energy sector [1] - The April crude oil contract rose by US$1.35, closing at US$66.40 per barrel, indicating a positive trend in energy prices [1] Energy Sector Insights - Pierre-Benoît Gauthier from IG Wealth Management highlighted that the Canadian market's performance is significantly influenced by the energy sector [1] - Gauthier noted that while a potential U.S.-Iran conflict could impact oil supply, current price increases are largely driven by market sentiment rather than actual supply changes [3] - He expressed that oil prices are currently "too cheap" considering the risks associated with geopolitical tensions and the outlook for global growth, suggesting an underestimation of future energy demand [3] Company Performance - Cenovus Energy Inc. reported a fourth-quarter profit of $934 million, a substantial increase from $146 million in the previous year, resulting in a daily gain of 4.04% [4] - In the U.S. market, Walmart's stock experienced volatility, initially rising by 2.7% before closing down 1.4%, despite reporting stronger-than-expected quarterly results [5] Currency and Commodity Trends - The Canadian dollar traded at 73.01 cents US, a slight decrease from 73.11 cents US the previous day [6] - The April gold contract fell by US$12.10, settling at US$4,997.40 per ounce, reflecting a downward trend in gold prices [6]