TSX Drops on Higher Global Yields

2026-09-01 20:32 By Isabela Couto 1 min. read

The S&P/TSX Composite Index fell 1.2% to close at 35,826 on Tuesday amid rising global bond yields.

Renewed Middle East hostilities lifted oil prices and prompted markets to reassess expectations for central bank rate hikes.

The BoC is expected to leave rates unchanged on Wednesday, while Canada’s 10-year yield reached a near two-week high.

Financial stocks declined, with TD Bank and BMO down 0.9% and National Bank losing 1.5%.

Higher yields also weighed on gold prices, pressuring miners.

Agnico Eagle fell 4.4%, Barrick and WPM declined 3.6% and Franco-Nevada shed 2.7%.

Tech stocks extended losses, tracking weakness on Wall Street amid soaring AI-related corporate debt issuance.

Shopify fell 4.7%, Constellation Software lost 2.8% and Celestica dropped 2.1%.

In contrast, energy stocks gained, with Canadian Natural rising 3.7%, Suncor and Cenovus up 3.5% and Imperial Oil adding 3%.



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TSX Drops on Higher Global Yields
The S&P/TSX Composite Index fell 1.2% to close at 35,826 on Tuesday amid rising global bond yields. Renewed Middle East hostilities lifted oil prices and prompted markets to reassess expectations for central bank rate hikes. The BoC is expected to leave rates unchanged on Wednesday, while Canada’s 10-year yield reached a near two-week high. Financial stocks declined, with TD Bank and BMO down 0.9% and National Bank losing 1.5%. Higher yields also weighed on gold prices, pressuring miners. Agnico Eagle fell 4.4%, Barrick and WPM declined 3.6% and Franco-Nevada shed 2.7%. Tech stocks extended losses, tracking weakness on Wall Street amid soaring AI-related corporate debt issuance. Shopify fell 4.7%, Constellation Software lost 2.8% and Celestica dropped 2.1%. In contrast, energy stocks gained, with Canadian Natural rising 3.7%, Suncor and Cenovus up 3.5% and Imperial Oil adding 3%.
2026-09-01
TSX Falls on Rising Global Yields
The S&P/TSX Composite Index fell more than 0.5% to trade below 36,500 on Tuesday amid rising global bond yields. Renewed hostilities in the Middle East lifted oil prices, prompting markets to reassess expectations for interest rate hikes by central banks. The BoC is expected to leave rates unchanged on Wednesday, while Canada’s 10-year yield reached a near two-week high. Financial stocks traded mostly lower, while higher yields also weighed on gold prices, pressuring miners. Agnico Eagle fell nearly 3%, while Barrick, WPM and Franco-Nevada lost about 2%. Tech stocks extended losses, with Shopify down more than 3.5%. In contrast, energy stocks gained, with Canadian Natural, Suncor and Cenovus adding around 2% each.
2026-09-01
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TSX decreased to 35978.00 Index Points, the lowest since August 2026. Over the past 4 weeks, Canada Stock Market Index (TSX) gained 0.59%, and in the last 12 months, it increased 25.85%.
2026-09-01