TSX Retreats from Record High

2026-08-17 20:38 By Isabela Couto 1 min. read

The S&P/TSX Composite Index edged 0.2% lower to close at 36,668 on Monday following the release of CPI data, after reaching a record high on Friday.

Canada’s headline inflation rose 3.0%, just above forecasts of 2.9%.

Core inflation measures tracked by the Bank of Canada also edged higher, largely reinforcing expectations that the central bank will keep interest rates unchanged this year.

Tensions in the Middle East persisted, with little sign of a near-term resolution.

Oil prices rose, raising concerns over energy-driven inflationary pressures.

Bond yields moved higher, tracking a surge in long-term US Treasury yields.

Financials lost ground, with RBC, TD Bank and BMO edging lower.

Software and tech-services stocks traded lower, tracking losses among US software infrastructure shares, with Shopify shedding 3.7% and Constellation Software falling 3.2%.

Retail stocks also posted losses ahead of retail data on Friday, with ATD (-1.6%), Loblaw (-1.8%) and Dollarama (-2.1%) declining.



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TSX Retreats from Record High
The S&P/TSX Composite Index edged 0.2% lower to close at 36,668 on Monday following the release of CPI data, after reaching a record high on Friday. Canada’s headline inflation rose 3.0%, just above forecasts of 2.9%. Core inflation measures tracked by the Bank of Canada also edged higher, largely reinforcing expectations that the central bank will keep interest rates unchanged this year. Tensions in the Middle East persisted, with little sign of a near-term resolution. Oil prices rose, raising concerns over energy-driven inflationary pressures. Bond yields moved higher, tracking a surge in long-term US Treasury yields. Financials lost ground, with RBC, TD Bank and BMO edging lower. Software and tech-services stocks traded lower, tracking losses among US software infrastructure shares, with Shopify shedding 3.7% and Constellation Software falling 3.2%. Retail stocks also posted losses ahead of retail data on Friday, with ATD (-1.6%), Loblaw (-1.8%) and Dollarama (-2.1%) declining.
2026-08-17
TSX Little Changed Following CPI
The S&P/TSX Composite Index traded little changed above 36,000 on Monday following the release of CPI data, after reaching a record high on Friday. Canada’s headline inflation rose 3.0%, just above forecasts of 2.9%. Core inflation measures tracked by the Bank of Canada also edged higher, largely reinforcing expectations that the central bank will keep interest rates unchanged this year. Major banks edged higher ahead of their earnings reports next week. On the geopolitical front, tensions in the Middle East persisted, with little sign of a near-term resolution. Oil prices edged higher, supporting energy stocks, with Canadian Natural adding over 1%. Retail stocks posted losses, with ATD, Loblaw and Dollarama losing about 1%. Software and tech-services stocks traded lower, tracking losses among Wall Street tracking software infrastructure shares, Shopify shed over 1.5%.
2026-08-17
TSX Futures Edge Lower After CPI
Futures tracking Canadian stocks edged lower on Monday following the release of CPI data, after the S&P/TSX Composite Index reached a record high on Friday. Canada’s headline inflation rose 3.0%, just above forecasts of 2.9%. Core inflation measures tracked by the Bank of Canada also edged higher, largely reinforcing expectations that the central bank will keep interest rates unchanged this year. On the geopolitical front, tensions in the Middle East persisted, with little sign of a near-term resolution. Inflationary pressures increased amid higher oil prices, weighing on financials and the broader index. July’s inflation report also showed fuel prices rising at a faster pace. Elsewhere, Abaxx Technologies’ net loss widened in the second quarter. OceanaGold plans to acquire Ausgold in a deal valued at A$776 million. Canada and the US remain far from reaching a draft trade deal despite regular meetings, Canadian Trade Minister Dominic LeBlanc told an advisory committee on Friday.
2026-08-17