TSX Falls as Bond Selloff Hits Mining Stocks

2026-05-15 20:19 By Isabela Couto 1 min. read

The S&P/TSX Composite Index fell 1.3% to close at 33,833 on Friday, pressured by losses in the mining sector and a global bond market selloff.

Global bond yields surged as signs of economic strain from the Iran conflict and rising oil prices fueled concerns over faster interest rate hikes by major central banks and weaker economic growth.

Canada’s 10-year government bond yield climbed to its highest level in about two years.

Financial shares also traded lower, with Brookfield down 4%.

Mining stocks led losses as higher Treasury yields and a stronger US dollar weighed on gold prices and reduced the appeal of precious metals producers.

Agnico Eagle fell 6.2%, Barrick lost 5.8%, and Wheaton Precious Metals shed 6.1%.

Meanwhile, energy shares advanced as oil prices rose after comments from Donald Trump and Iran’s foreign minister further weakened hopes for a deal to end attacks and ship seizures around the Strait of Hormuz.

Canadian Natural gained 1.2% and Suncor added 2.5%.



News Stream
TSX Falls as Bond Selloff Hits Mining Stocks
The S&P/TSX Composite Index fell 1.3% to close at 33,833 on Friday, pressured by losses in the mining sector and a global bond market selloff. Global bond yields surged as signs of economic strain from the Iran conflict and rising oil prices fueled concerns over faster interest rate hikes by major central banks and weaker economic growth. Canada’s 10-year government bond yield climbed to its highest level in about two years. Financial shares also traded lower, with Brookfield down 4%. Mining stocks led losses as higher Treasury yields and a stronger US dollar weighed on gold prices and reduced the appeal of precious metals producers. Agnico Eagle fell 6.2%, Barrick lost 5.8%, and Wheaton Precious Metals shed 6.1%. Meanwhile, energy shares advanced as oil prices rose after comments from Donald Trump and Iran’s foreign minister further weakened hopes for a deal to end attacks and ship seizures around the Strait of Hormuz. Canadian Natural gained 1.2% and Suncor added 2.5%.
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TSX Slides as Bond Rout and Oil Surge Hit Sentiment
The S&P/TSX Composite Index fell nearly 2% to trade below 34,000 on Friday as investors reacted to a global bond market selloff and stalled US-Iran talks. Oil prices rose amid the lack of progress toward a deal to end ship attacks and seizures around the Strait of Hormuz, reinforcing stagflation concerns and pressuring the broader market. Banking shares moved lower, with Royal Bank of Canada and TD Bank both shedding more than 1%. Gold prices also declined as inflation fears lifted expectations of higher interest rates and pushed US Treasury yields higher, weighing on miners. Agnico Eagle, Barrick, and Wheaton Precious Metals all dropped more than 4%. On the earnings front, NXT Energy (-2.3%) reported weaker first-quarter revenue and profit, while Questerre (-18.2%) slumped despite stronger adjusted funds flow supported by lower Brazil-related costs.
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TSX Futures Fall as Bond Selloff Weighs on Sentiment
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2026-05-15