TSX Edges Lower Amid Global Bond Selloff

2026-10-01 14:13 By Isabela Couto 1 min. read

The S&P/TSX Composite Index edged lower toward the 35,000 mark as a global bond rout pushed borrowing costs to multi-decade highs amid volatile oil prices.

Global bonds extended their selloff, weighing on broader markets.

The Canadian 10-year yield pared earlier losses on Thursday, remaining at multi-year highs.

Oil prices rose further on reports of tighter Chinese fuel supplies, fueling persistent energy-driven inflation concerns, pushing yields higher and pressuring credit-sensitive sectors.

Major banks fell, with RBC, BMO and Scotiabank down about 1%, while TD Bank and CIBC shed around 0.5%.

Miners were mostly lower as gold prices pared earlier gains, with Barrick down more than 0.5% and WPM losing 1%.

First Quantum was the main exception, rebounding by near 5% from a 15.3% plunge yesterday after a Panamanian government commission recommended formal talks on a new framework for the Cobre Panamá mine.

Panama had previously urged the orderly closure of the mine.



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