TSX Futures Slip on Higher Yields

TSX decreased to 35423.00 Index Points, the lowest since August 2026. Over the past 4 weeks, Canada Stock Market Index (TSX) lost 3.35%, and in the last 12 months, it increased 20.9%.

The S&P/TSX Composite Index edged lower to trade below 36,000 on Tuesday amid surging oil prices and rising bond yields. Domestic 10-year government bond yields approached the 4% threshold, remaining close to their highest level since 2007. The prospect of higher interest rates pressured credit-sensitive stocks, with the Federal Reserve set to raise its policy rate by 25 basis points on Wednesday. Financials posted losses, with RBC down more than 0.5%, while TD Bank, BMO, Scotiabank and CIBC shed about 1% each. Meanwhile, gold prices fell, weighing on mining shares, with Agnico Eagle and WPM losing more than 0.5%. Elsewhere, Canadian Prime Minister Mark Carney is welcoming dozens of global investors to Toronto this week in an effort to attract investment in projects seen as key to supporting Canada’s economy amid the trade war with the US.

Futures tracking Canada’s stock market edged lower on Tuesday amid surging oil prices and rising bond yields. Domestic 10-year sovereign yields approached the 4% threshold, not far from their highest since 2007. The prospect of higher interest rates is expected to pressure credit-sensitive stocks, with the Federal Reserve set to raise its interest rates by 25bps tomorrow. Meanwhile, gold prices fell, weighing on mining shares. Elsewhere, Canadian Prime Minister Mark Carney is welcoming dozens of global investors to Toronto this week in an effort to attract investment in projects seen as key to supporting Canada’s economy amid the trade war with the US.