TSX Starts the Week Strong

2026-03-23 20:07 By Felipe Alarcon 1 min. read

The S&P/TSX Composite Index rose 1.8% to close at 31,884 on Monday as a cooling of Middle Eastern geopolitical heat sparked a massive rotation back into riskier assets.

This sharp reversal followed President Trump’s announcement of a five-day pause on planned strikes against Iranian energy infrastructure, a move that immediately deflated the "war premium" and sent global crude benchmarks tumbling.

While the previous four weeks were defined by stagflationary dread, the relief rally provided a significant lift to credit-sensitive sectors with the Bank of Montreal and CIBC climbing more than 2.4% as inflation fears moderated.

Technology and growth names also found firm footing with Shopify jumping 3.6% and Celestica soaring 6.6%, while the materials sector saw a surge in Teck Resources and Lundin Mining as recessionary anxieties eased.

Conversely, the retreat in oil prices weighed heavily on the energy patch where giants like Canadian Natural and Cenovus slipped at least 1.4%.



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TSX Starts the Week Strong
The S&P/TSX Composite Index rose 1.8% to close at 31,884 on Monday as a cooling of Middle Eastern geopolitical heat sparked a massive rotation back into riskier assets. This sharp reversal followed President Trump’s announcement of a five-day pause on planned strikes against Iranian energy infrastructure, a move that immediately deflated the "war premium" and sent global crude benchmarks tumbling. While the previous four weeks were defined by stagflationary dread, the relief rally provided a significant lift to credit-sensitive sectors with the Bank of Montreal and CIBC climbing more than 2.4% as inflation fears moderated. Technology and growth names also found firm footing with Shopify jumping 3.6% and Celestica soaring 6.6%, while the materials sector saw a surge in Teck Resources and Lundin Mining as recessionary anxieties eased. Conversely, the retreat in oil prices weighed heavily on the energy patch where giants like Canadian Natural and Cenovus slipped at least 1.4%.
2026-03-23
TSX Rebounds on De-Escalation Hopes
The S&P/TSX Composite Index rose around 0.6% to above the 31,500 mark on Monday as stagflation concerns eased after Donald Trump signaled a five day delay in potential strikes on Iranian power plants. This shift represents a tactical pause in the four week Middle East conflict that has allowed global bond yields to soften while providing support to credit sensitive sectors. Financial heavyweights led the recovery with Royal Bank of Canada and TD Bank gaining over 1% as the prospect of energy driven inflation moderated. Conversely energy producers like Canadian Natural Resources and Suncor fell more than 2.5% as the geopolitical risk premium in oil markets began to deflate. Mining stocks saw mixed results with Teck Resources jumping nearly 5% while Agnico Eagle inched lower despite the broader market optimism.
2026-03-23
TSX Futures Jump as Oil Drops on Trump’s Iran Delay
Futures tracking the S&P/TSX Composite Index turned sharply higher as oil prices fell after Donald Trump signaled a pause in escalating the conflict with Iran. Trump said Monday he had ordered a five-day delay to any potential strikes on Iranian power plants, hours before a deadline that had raised fears of further escalation in the four-week conflict. The pullback in crude eased concerns about energy-driven inflation, helping lower bond yields and supporting credit-sensitive sectors such as Canadian banks. While the relief in inflationary pressures boosted financial stocks, it weighed on energy companies that had benefited from the recent spike in oil prices. Meanwhile, investors are also monitoring transportation news after an Air Canada Express CRJ-900 collided with a Port Authority of New York and New Jersey emergency vehicle on the runway at LaGuardia Airport late Sunday.
2026-03-23