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Canada Stock Market Today: What to Know Before the TSX Open as Oil Shock Hits Banks, Miners

Canada Stock Market Today: What to Know Before the TSX Open as Oil Shock Hits Banks, Miners

Canada’s TSX index was set to open lower Monday, with futures down 0.92% after Brent crude touched $119.50 a barrel amid war involving Iran. The TSX had fallen 3.7% last week, its worst in over a month, as traders worried oil’s surge would fuel inflation. Wall Street futures dropped over 1%, and the VIX volatility index hit its highest since April 2025. Gold and base metals slipped, while financials faced scrutiny over condo appraisal practices.

Stock Market Today

  • Bank of America Flags 'Upside Crash' in Stocks, Advises Caution
    April 21, 2026, 2:06 PM EDT. Bank of America Securities characterized the recent stock surge as an 'upside crash', warning investors about possible bubble risks despite new highs in the Nasdaq and S&P 500. The Nasdaq surged 13 straight days, reflecting elevated market volatility near 25%, a pattern reminiscent of the 2020 post-pandemic rebound. The bank highlighted the AI trade, especially semiconductors, as a bubble risk area. To navigate uncertainty, it recommended buying call options on the Nasdaq-100 ETF (QQQ) and the Cboe Volatility Index (VIX), balancing potential gains with risk control. Longer-term, the bank favors Nasdaq options over S&P variance spreads due to tech's exposure to AI-related growth and volatility hedging benefits. Investors should remain flexible amid market reflexivity and uncertainty, using optionality to manage risks around both AI-driven rallies and potential downturns.

Latest article

NVIDIA Corporation Shares Slip as Google’s AI Chip Push Tests Inference Lead

NVIDIA Corporation Shares Slip as Google’s AI Chip Push Tests Inference Lead

21 April 2026
Nvidia shares dropped $1.98 to $200.08 Tuesday after reports that Google is in talks with Marvell Technology on new AI chips. The move comes ahead of Google Cloud Next and highlights ongoing efforts by major cloud providers to reduce reliance on Nvidia processors. Nvidia’s market value stood at about $4.53 trillion after the decline. Google and Marvell did not comment on the reported discussions.
AT&T and Citi Refresh Points Plus Card With New Rewards, Bill Discounts and No Foreign Fees

AT&T and Citi Refresh Points Plus Card With New Rewards, Bill Discounts and No Foreign Fees

21 April 2026
AT&T and Citigroup updated the AT&T Points Plus World Mastercard, adding 2x ThankYou Points on AT&T purchases and waiving foreign transaction fees. The card still offers up to $240 in annual statement credits after qualifying spend, with discounts for eligible wireless and internet customers. The new perks are available to current and new cardholders. AT&T shares traded at $26.14 midday Tuesday.
Citi Wealth Turns to Advyzon for Global Unified Managed Account Rollout as Banks Push Deeper Into Alternatives

Citi Wealth Turns to Advyzon for Global Unified Managed Account Rollout as Banks Push Deeper Into Alternatives

21 April 2026
Citi Wealth will partner with Advyzon to launch a global unified managed account program, starting in late 2026 for select private banking clients. The platform will combine ETFs, mutual funds, separately managed accounts, and alternatives in a single structure, integrating BlackRock’s portfolio solutions. Citi’s wealth unit reported $3.1 billion in Q1 revenue, up 11% from last year, but net new investment assets fell 11%.
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