Stocks in Canada Hit 4-week High

TSX increased to 34337.00 Index Points, the highest since April 2026. Over the past 4 weeks, Canada Stock Market Index (TSX) gained 1.05%, and in the last 12 months, it increased 32.71%.

The S&P/TSX Composite Index edged lower to trade below 34,500 on Thursday as investors assessed renewed tensions between the US and Iran alongside earnings from AI chip giant Nvidia. Iranian leader Mojtaba Khamenei reportedly ordered that the country’s near weapons-grade uranium should not be shipped abroad, despite US President Donald Trump having assured Israeli allies that Iran’s enriched uranium stockpile would leave the country under any peace agreement. Oil prices rebounded, reviving concerns that a war-driven energy shock could lift inflation and keep interest rates elevated. Major banks traded mixed, with Royal Bank of Canada edging lower while TD Bank ticked up. Lower gold prices pressured mining shares, with Agnico Eagle down nearly 1% and Wheaton Precious Metals losing more than 0.5%. Nvidia's projections failed to impress analysts, pressuring Canadian tech stocks with Shopify dropping over 2%.

Futures tracking the S&P/TSX Composite Index edged lower on Thursday as investors assessed renewed tensions between the US and Iran alongside earnings from AI chip giant Nvidia. Oil prices rebounded, reviving concerns that a war-driven energy shock could lift inflation and pressure central banks to keep interest rates elevated, weighing on banks and the broader market. Iranian leader Mojtaba Khamenei reportedly ordered that the country’s near weapons-grade uranium should not be shipped abroad, despite US President Donald Trump having assured Israeli allies that Iran’s enriched uranium stockpile would leave the country under any peace agreement. Meanwhile, lower gold prices pressured mining shares. Beyond geopolitics, Nvidia’s quarterly sales surged 85%, beating forecasts and supporting sentiment toward AI-related stocks across North America.