TSX Extends Downturn

2026-03-12 13:48 By Felipe Alarcon 1 min. read

The S&P/TSX Composite Index retreated around 0.3% to below the 33,050 mark on Thursday as escalating military conflict in the Middle East fueled global energy supply concerns.

Rising crude prices deepened anxieties regarding persistent inflation.

While energy producers outperformed the broader market the information technology sector faced significant selling pressure as investors rotated away from riskier assets.

Domestic data highlighted economic fragility as the merchandise trade deficit widened to 3.6 billion dollars in January following a sharp decline in exports.

Major miners Agnico Eagle, Barrick Gold, and Wheaton Precious Metals were the main laggards losing between 1.2% and 1.5% as bullion was increasingly offset by a stronger USD and rising Treasury yields.

At the same time, the financial sector was also trading firmly in the red.

Market participants await the February labour force index to assess potential implications for national interest rate policy.



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