TSX Edges Lower on Banking Losses

2026-08-20 20:28 By Isabela Couto 1 min. read

The S&P/TSX Composite Index edged 0.1% lower to close at 36,365 on Thursday as rising oil prices fueled inflation concerns.

Oil prices climbed after US President Donald Trump announced a sweeping package of economic measures targeting Iran.

Financials and the broader market came under pressure as bond yields rose amid renewed inflation worries, with RBC down 1.2%, TD Bank shedding 1.4%, BMO losing 1.6%, CIBC retreating 1.9% and Scotiabank falling 1.5%.

Retail stocks also posted losses after Walmart sank more than 9% on Wall Street following weaker-than-expected second-quarter results.

ATD shed 2.2%, Loblaw lost 1.3% and Dollarama fell 1.4%.

Meanwhile, miners extended gains after rallying the previous day as gold prices firmed near a more than two-month high.

Agnico Eagle and WPM added 1.8% each, Barrick gained 2.4% and Franco-Nevada advanced 2.8%.

Energy stocks also rose amid higher oil prices, with Canadian Natural adding 2.9%.



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TSX Edges Lower on Banking Losses
The S&P/TSX Composite Index edged 0.1% lower to close at 36,365 on Thursday as rising oil prices fueled inflation concerns. Oil prices climbed after US President Donald Trump announced a sweeping package of economic measures targeting Iran. Financials and the broader market came under pressure as bond yields rose amid renewed inflation worries, with RBC down 1.2%, TD Bank shedding 1.4%, BMO losing 1.6%, CIBC retreating 1.9% and Scotiabank falling 1.5%. Retail stocks also posted losses after Walmart sank more than 9% on Wall Street following weaker-than-expected second-quarter results. ATD shed 2.2%, Loblaw lost 1.3% and Dollarama fell 1.4%. Meanwhile, miners extended gains after rallying the previous day as gold prices firmed near a more than two-month high. Agnico Eagle and WPM added 1.8% each, Barrick gained 2.4% and Franco-Nevada advanced 2.8%. Energy stocks also rose amid higher oil prices, with Canadian Natural adding 2.9%.
2026-08-20
TSX Slips as High Oil Prices Fuel Inflation Fears
The S&P/TSX Composite Index edged lower to trade below 36,500 on Thursday as rising oil prices fueled inflation concerns. Oil prices climbed after US President Donald Trump announced a sweeping package of economic measures targeting Iran. Financials and the broader market came under pressure as bond yields rose amid renewed inflation worries, with RBC, TD Bank and BMO shedding about 0.5% each. Gold prices fell as investors took profits following a climb to a more than two-month high, although miners remained mostly higher. Agnico Eagle gained more than 0.5%, while Barrick added nearly 1%. Meanwhile, Canadian producer prices rose 12.4% year-on-year in July, highlighting the impact of higher energy costs on wholesale prices and reinforcing the elevated yield environment. On the trade front, the US and Canada were reportedly nearing a deal.
2026-08-20
TSX Futures Slip on Inflation Concerns
Futures tracking Canada's stock market moved lower on Thursday as rising oil prices increased inflation concerns and falling gold prices pressured mining stocks. Oil prices climbed after US President Donald Trump announced a sweeping package of economic measures targeting Iran. Financials and the broader market came under pressure as yields rose amid inflation concerns. Gold prices fell as investors took profits following a climb to a more than two-month high, likely weighing on miners after Wednesday's rally. The Canadian producer inflation soared 12.4% in July, underscoring the impact of high energy prices on wholesale prices and in line with the elevated levels for yields. On the trade front, the US and Canada are reportedly nearing a deal.
2026-08-20