Canada Stock Market Index (TSX) at 31930.73points
2026-03-30 20:02
By
Felipe Alarcon
1 min. read
The S&P/TSX Composite Index fell 0.1% to close at 31,935 on Monday as the rally in commodity markets failed to offset broader market volatility and persistent stagflationary fears.
While crude oil prices climbed toward 2022 highs following Houthi threats to Red Sea exports and President Trump's ultimatum regarding Iranian energy infrastructure, the heavy weight of the financial sector dragged the benchmark lower.
Royal Bank of Canada dipped 0.2% and CIBC lost 0.8% as investors weighed the benefit of resilient interest margins against the risk of an economic slowdown from energy shortages.
Although the mining sector remained a point of relative strength with Nutrien gaining 1.5% and OceanaGold jumping 1.6% the overall sentiment was dampened by a 7.8% slump in Celestica and broad weakness among major energy producers like Suncor.