Canada Stock Market Today: What to Know Before the TSX Open as Oil Shock Hits Banks, Miners
Futures pointed to a weaker open for Canada’s main stock index on Monday, slipping roughly 0.92% ahead of the session. Brent crude had spiked to $119.50 a barrel—the highest level seen since the middle of 2022—as the conflict with Iran rattled global markets. It’s significant: Canada’s energy-heavy benchmark hit an all-time high of 34,541.27 on March 2, but by Friday, it had dropped to 33,083.72. Traders shifted their view, seeing the oil rally as an inflation headache rather than a straightforward boost for producers’ cash. The TSX lost 3.7% for the week—its steepest decline in over a month.
