TSX Falls to Five-Week Low

2026-09-10 16:26 By Isabela Couto 1 min. read

The S&P/TSX Composite Index fell nearly 1% to trade below 36,000 on Thursday, reaching a five-week low as rising oil prices and higher bond yields added to inflationary pressures.

Oil prices jumped as fears of prolonged energy supply disruptions intensified following the biggest wave of attacks on shipping in the Strait of Hormuz by Washington and Tehran on Wednesday.

Global yields moved higher on fears of prolonged inflation, following hotter-than-expected US PPI data and ahead of Friday’s CPI report.

Rising expectations for a Fed rate hike pressured credit-sensitive stocks, with most major banks trading below the flatline.

Falling gold prices weighed on miners, with Agnico Eagle losing 2.5%, WPM falling 3%, and Barrick retreating more than 2%.

Copper prices also fell, dragging Hudbay down more than 7.5%.

Enbridge shed more than 3% after announcing it would buy Tallgrass Energy’s crude oil business, acquiring a majority stake in the Pony Express Pipeline and other assets.



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TSX Falls to Five-Week Low
The S&P/TSX Composite Index fell nearly 1% to trade below 36,000 on Thursday, reaching a five-week low as rising oil prices and higher bond yields added to inflationary pressures. Oil prices jumped as fears of prolonged energy supply disruptions intensified following the biggest wave of attacks on shipping in the Strait of Hormuz by Washington and Tehran on Wednesday. Global yields moved higher on fears of prolonged inflation, following hotter-than-expected US PPI data and ahead of Friday’s CPI report. Rising expectations for a Fed rate hike pressured credit-sensitive stocks, with most major banks trading below the flatline. Falling gold prices weighed on miners, with Agnico Eagle losing 2.5%, WPM falling 3%, and Barrick retreating more than 2%. Copper prices also fell, dragging Hudbay down more than 7.5%. Enbridge shed more than 3% after announcing it would buy Tallgrass Energy’s crude oil business, acquiring a majority stake in the Pony Express Pipeline and other assets.
2026-09-10
TSX Futures Fall as Inflation Fears Rise
Futures tracking Canadian stocks fell on Thursday amid elevated oil prices and bond yields. Oil extended its rally following the biggest wave of attacks on shipping in the Strait of Hormuz by Washington and Tehran on Wednesday. Global yields moved higher on fears of prolonged inflation, following stronger-than-expected US PPI and ahead of CPI data expected Friday. Rising expectations for a Fed rate hike pressured credit-sensitive stocks, while falling gold prices weighed on miners. Elsewhere, Enbridge said Wednesday it would buy Tallgrass Energy’s crude oil business for $2.55 billion in cash, expanding its US liquids pipeline network by acquiring a majority stake in the Pony Express Pipeline and other assets.
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TSX Closes Lower on Trade War and Inflation Concerns
The S&P/TSX Composite Index fell 0.6% to close at 35,907 on Wednesday after the US expanded trade restrictions on Canada. The US banned imports of numerous alcoholic beverages, motorcycles and dairy products, following 50% tariffs imposed last month on about $20 billion of Canadian goods and retaliatory tariffs from Canada. Saputo lost 0.7%, Canada Packers shed 3.1%, and BRP fell 4%. Meanwhile, intensifying Middle East hostilities pushed oil prices higher, rekindling inflation fears ahead of Friday’s US CPI data. Banks came under pressure amid increased rate-hike expectations, with RBC and TD Bank down 0.9%, BMO losing 1.3%, and CIBC shedding 1.5%. Miners gained on higher gold prices, with Agnico Eagle adding 0.7%, Barrick rising 1.2%, and WPM up 1.4%. Lithium Americas jumped 6.5% after J.P. Morgan initiated coverage with an “overweight” rating.
2026-09-09