TSX Surges Amid De-Escalation Hopes

2026-03-31 20:05 By Felipe Alarcon 1 min. read

The S&P/TSX Composite Index surged 2.6% to close at 32,768 on Tuesday as a wave of optimism regarding a potential diplomatic end to the Middle East conflict sparked a broad rally in risk assets.

While the benchmark recovered significant ground in the final session it concluded March with a decline of 4.6% marked by the fifth consecutive week of war-related volatility.

The technology sector notably underperformed during the quarter with the info tech subindex tumbling over 26% as capital rotated into energy producers amid soaring crude prices.

Tech darling Shopify saw a daily gain of 6%, yet remains down nearly 30% for the year due to AI-related disruption fears and the ongoing regional instability.

Domestic sentiment drew additional support from preliminary GDP data reflecting a third consecutive monthly expansion in February alongside strong gains in the financial sector.

Royal Bank of Canada and TD Bank rose 2.3% and 1.9% respectively while Agnico Eagle Mines surged 5.8%.



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TSX Surges Amid De-Escalation Hopes
The S&P/TSX Composite Index surged 2.6% to close at 32,768 on Tuesday as a wave of optimism regarding a potential diplomatic end to the Middle East conflict sparked a broad rally in risk assets. While the benchmark recovered significant ground in the final session it concluded March with a decline of 4.6% marked by the fifth consecutive week of war-related volatility. The technology sector notably underperformed during the quarter with the info tech subindex tumbling over 26% as capital rotated into energy producers amid soaring crude prices. Tech darling Shopify saw a daily gain of 6%, yet remains down nearly 30% for the year due to AI-related disruption fears and the ongoing regional instability. Domestic sentiment drew additional support from preliminary GDP data reflecting a third consecutive monthly expansion in February alongside strong gains in the financial sector. Royal Bank of Canada and TD Bank rose 2.3% and 1.9% respectively while Agnico Eagle Mines surged 5.8%.
2026-03-31
TSX Pares Sharp Monthly Losses
The S&P/TSX Composite Index rose over 1% to above the 32,300 mark on Tuesday, as the final trading session of March brought a wave of optimism following reports that US President Donald Trump is considering an end to military hostilities in the Middle East. While the Strait of Hormuz remains largely blocked and crude oil prices captured over $1.00 to trade near $104 per barrel the prospect of a diplomatic resolution sparked a broad rally in risk assets. Domestic data further bolstered sentiment as preliminary data reflected a third consecutive expansion in the Canadian GDP in February. The expansion was notably reflected in the financial sector with Royal Bank of Canada gaining around 1% and TD Bank rising over 1.5% while the mining sector drew support from a jump in gold prices. Despite this late month recovery the benchmark index is set to conclude March with a decline of roughly 6% as the five week conflict continues.
2026-03-31
TSX Futures Higher Amid US War Exit Hopes
Futures tracking the S&P/TSX Composite Index were higher on Tuesday as investors assessed a report that US President Trump was considering a potential exit from the Iran war. The Strait of Hormuz remains largely blocked due to the conflict. Its effective closure for weeks has fueled a sharp spike in global oil and gas prices and sparked worries over generalized inflation and recession worldwide. Canadian bond yields fell, supporting major banks. Higher oil and gold prices gave support to energy producers and miners.
2026-03-31