TSX Loses Ground Amid Risk Aversion

2026-03-11 13:50 By Felipe Alarcon 1 min. read

Canada's S&P/TSX Composite Index fell around 0.6% to below the 33,100 mark on Wednesday, as investors processed a combination of stubborn US inflation data and maritime escalations in the Middle East.

February consumer price figures showed inflation at 2.4%, signaling a potentially slower path for interest rate cuts.

Geopolitical tensions weighed on sentiment following reports of projectile strikes on cargo ships near the Strait of Hormuz, pushing West Texas Intermediate crude toward $87 despite discussions of a massive strategic reserve release.

Domestic financial stability also faced scrutiny after goeasy shares plummeted around 20% following significant loan book charges while the technology sector found a floor through strong quarterly results from Oracle.

Meanwhile, miners led the decline with Agnico Eagle, Barrick Gold, and Wheaton Precious tumbling between 3.2% and 4.2%.

Rising Treasury yields and a strengthening dollar index further pressured equities.



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