TSX Edges Lower as Yields Rise
2026-09-15 14:08
By
Isabela Couto
1 min. read
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.