TSX Lifted by Commodity Producers

2026-03-27 20:04 By Felipe Alarcon 1 min. read

The S&P/TSX Composite Index rose 0.2% to close at 31,961 on Friday as the resource-heavy market struggled to balance surging commodity prices against a deepening global equity sell-off.

Energy and mining stocks provided a critical cushion compared to the sharper corrections seen on Wall Street.

Gold and materials sectors led the gainers as Agnico Eagle Mines rose 3.2% and Wheaton Precious Metals jumped 4.7% while energy producers like Suncor and Canadian Natural Resources climbed over 2.5% following fresh disruptions in the Strait of Hormuz.

Conversely the information technology sector faced significant headwinds with Shopify falling 2.8% and major lenders including Royal Bank and TD Bank dropping over 1% as rising bond yields and stagflation fears weighed on credit sensitive equities.

Although President Trump pushed the strike deadline on Iranian infrastructure to April 6, reports of a potential deployment of 10,000 additional US troops kept risk premiums high.



News Stream
TSX Lifted by Commodity Producers
The S&P/TSX Composite Index rose 0.2% to close at 31,961 on Friday as the resource-heavy market struggled to balance surging commodity prices against a deepening global equity sell-off. Energy and mining stocks provided a critical cushion compared to the sharper corrections seen on Wall Street. Gold and materials sectors led the gainers as Agnico Eagle Mines rose 3.2% and Wheaton Precious Metals jumped 4.7% while energy producers like Suncor and Canadian Natural Resources climbed over 2.5% following fresh disruptions in the Strait of Hormuz. Conversely the information technology sector faced significant headwinds with Shopify falling 2.8% and major lenders including Royal Bank and TD Bank dropping over 1% as rising bond yields and stagflation fears weighed on credit sensitive equities. Although President Trump pushed the strike deadline on Iranian infrastructure to April 6, reports of a potential deployment of 10,000 additional US troops kept risk premiums high.
2026-03-27
TSX Edges Lower at Week End
The S&P/TSX Composite Index fell around 0.3% to below the 31,850 mark on Friday as intensifying geopolitical friction in the Middle East and a hawkish shift in central bank expectations weighed on the resource-heavy market. Investors reacted to President Trump extending a deadline for Iran to reopen the Strait of Hormuz to April 6th, bolstering crude oil prices and stoking broader stagflation fears and pushed Canadian bond yields higher. While energy majors like Canadian Natural Resources and Suncor rose over 2% on war-driven supply concerns, the banking sector faced significant headwinds with RBC, TD, and BMO all posting losses amid rising credit demand risks. Shopify and Cameco also struggled, falling nearly 3%, reflecting a cautious environment as the Bank of Canada navigates permanent structural shifts in the economic landscape.
2026-03-27
TSX Futures Tumble
Futures tracking the S&P/TSX Composite Index tumbled on Friday as uncertainty around a Middle East resolution kept investors concerned. US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz to April 6th, warning that the country will face attacks on its energy infrastructure if it fails to comply. Oil prices rose further on war-driven supply concerns, fueling stagflation worries. Canadian bond yields climbed amid the inflationary pressures as investors price in an increasingly hawkish outlook for major central banks, weighing on banking stocks as credit demand could face headwinds. In contrast, gains in oil and gold prices supported energy producers and miners in the resource-heavy market. In other news, the BoC warned Thursday that it faces a tough job navigating structural shifts that will permanently reshape the country's economic landscape.
2026-03-27