TSX Reverses Early Session Losses, Closes Higher

2026-03-09 20:07 By Felipe Alarcon 1 min. read

Canada’s S&P/TSX Composite Index staged a late-session recovery on Monday to close 0.3% higher at 33,189 as de-escalating geopolitical tensions dismantled the stagflationary fears that had initially pressured North American markets.

After a volatile morning where energy prices spiked, the index found a steady floor as West Texas Intermediate crude retreated below $90 per barrel following optimistic comments regarding the security of the Strait of Hormuz.

Technology and materials sectors led the turnaround with Shopify advancing 2.6% and Agnico Eagle Mines jumping 1.8%, while Cameco surged 5.9% as investors refocused on long-term resource fundamentals.

Despite the broader rebound, the financial sector remained a pocket of weakness as Scotiabank and CIBC fell 1.8% each, amid lingering caution over the domestic interest rate path.



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TSX Reverses Early Session Losses, Closes Higher
Canada’s S&P/TSX Composite Index staged a late-session recovery on Monday to close 0.3% higher at 33,189 as de-escalating geopolitical tensions dismantled the stagflationary fears that had initially pressured North American markets. After a volatile morning where energy prices spiked, the index found a steady floor as West Texas Intermediate crude retreated below $90 per barrel following optimistic comments regarding the security of the Strait of Hormuz. Technology and materials sectors led the turnaround with Shopify advancing 2.6% and Agnico Eagle Mines jumping 1.8%, while Cameco surged 5.9% as investors refocused on long-term resource fundamentals. Despite the broader rebound, the financial sector remained a pocket of weakness as Scotiabank and CIBC fell 1.8% each, amid lingering caution over the domestic interest rate path.
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