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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

  • Elon Musk Faces Busy Quarter with SpaceX IPO and Tesla Challenges
    April 2, 2026, 3:10 PM EDT. Elon Musk is gearing up for a hectic period marked by SpaceX's anticipated June IPO, following an April 1st SEC filing. Tesla also aims to start Cybercab production this month, but faces significant hurdles, including leadership departures and safety concerns in its autonomous taxi program. According to reports, Tesla's robotaxis are involved in crashes at rates four times higher than human drivers, lagging behind rivals like Waymo. Additionally, developments around Tesla's Optimus robot, expected earlier this year, remain uncertain. Musk's schedule includes multiple Tesla announcements and a trial involving OpenAI, signaling a demanding few months ahead.
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