Stocks in Canada Hit 6-week Low

The S&P/TSX Composite Index fell 0.3% to close at 35,582 on Tuesday amid surging oil prices and elevated bond yields. Domestic 10-year government bond yields approached the 4% threshold, remaining near 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 TD Bank down 0.5%, CIBC shedding 0.6% and National Bank falling 1.3%. The mining sector closed mostly lower amid softer gold prices. Retailers posted sharp losses, with ATD down 2.7% and Loblaw falling 2.3%. Meanwhile, Prime Minister Mark Carney unveiled immediate tax write-offs for most new capital investments in an effort to spur growth and attract foreign capital. Carney is welcoming dozens of global investors to Toronto this week, seeking investment in key projects amid the trade war with the US.

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.