TSX Edges Lower Ahead of BoC Decision

2026-07-13 20:28 By Isabela Couto 1 min. read

The S&P/TSX Composite Index edged 0.1% lower to close at 35,253 on Monday following military exchanges between the US and Iran.

US and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, pushing oil prices higher on renewed concerns over crude shipments through the Strait of Hormuz.

Bond yields rose as inflation concerns reinforced expectations that interest rates will remain higher for longer in North America.

Financials posted losses, with RBC down 0.3%, Brookfield retreating 0.9%, and CIBC losing 0.6%.

Meanwhile, gold prices fell on expectations of a hawkish Fed, weighing on mining stocks.

Agnico Eagle lost 2.2%, Barrick shed 2.1%, WPM fell 2%, and Franco-Nevada sank 8.4%.

In contrast, energy stocks gained on higher oil prices.

Canadian Natural rose 3.1%, Suncor gained 3.5%, and Cenovus added 4.7%.

Investors also await the BoC's policy decision on Wednesday, with the central bank widely expected to keep its key interest rate unchanged.



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TSX Edges Lower Ahead of BoC Decision
The S&P/TSX Composite Index edged 0.1% lower to close at 35,253 on Monday following military exchanges between the US and Iran. US and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, pushing oil prices higher on renewed concerns over crude shipments through the Strait of Hormuz. Bond yields rose as inflation concerns reinforced expectations that interest rates will remain higher for longer in North America. Financials posted losses, with RBC down 0.3%, Brookfield retreating 0.9%, and CIBC losing 0.6%. Meanwhile, gold prices fell on expectations of a hawkish Fed, weighing on mining stocks. Agnico Eagle lost 2.2%, Barrick shed 2.1%, WPM fell 2%, and Franco-Nevada sank 8.4%. In contrast, energy stocks gained on higher oil prices. Canadian Natural rose 3.1%, Suncor gained 3.5%, and Cenovus added 4.7%. Investors also await the BoC's policy decision on Wednesday, with the central bank widely expected to keep its key interest rate unchanged.
2026-07-13
TSX Steady as Energy Gains Offset Mining Losses
The S&P/TSX Composite Index was little changed near the 35,000 mark on Monday following military exchanges between the US and Iran. US and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, pushing oil prices higher on renewed concerns over crude shipments through the Strait of Hormuz. Bond yields rose as inflation concerns reinforced expectations that interest rates will remain higher for longer in North America. Financials traded near the flatline, with RBC and TD Bank edging up, while Scotiabank and CIBC inched lower. Meanwhile, gold prices fell on expectations of a hawkish Fed, weighing on mining stocks. Agnico Eagle, Barrick, and WPM shed nearly 2% each. In contrast, energy stocks gained on higher oil prices. Canadian Natural rose 2%, while Imperial Oil, Suncor, and Cenovus added about 3% each. Investors also await the BoC's policy decision on Wednesday, with the central bank widely expected to keep its key interest rate unchanged.
2026-07-13
TSX Futures Muted Amid Middle East Tensions
Futures tracking the S&P/TSX Composite Index were little changed on Monday as military exchanges between the US and Iran weighed on investor sentiment. US and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, pushing oil prices higher on renewed concerns over crude shipments through the Strait of Hormuz. Bond yields rose as inflation concerns reinforced expectations that interest rates will remain higher for longer in North America, pressuring financial stocks and the broader index. Meanwhile, gold prices fell on expectations of a hawkish Fed, weighing on mining stocks. Investors also await the Bank of Canada's policy decision on Wednesday, with the central bank widely expected to keep its key interest rate unchanged at 2.25%.
2026-07-13