The TSX is down 0.98%, while the TSX Venture Index is down 1.79%, as Canadian markets slide alongside a global selloff driven by soaring oil prices and renewed geopolitical anxiety. In the U.S., the S&P 500 fell 1.27%, the Dow dropped 1.28%, and the Nasdaq declined 1.67% as traders reacted to crude oil’s break above US$87 and the largest five‑day rally in years. Europe also slumped, with the FTSE 100 down 1.35% amid rising fears of energy‑driven inflation.
Oil prices surged more than 7%, driven by escalating Middle East conflict, tanker‑route disruptions, and new Platts pricing adjustments that added further volatility. Gold edged higher as safe‑haven flows continued, while natural gas jumped nearly 5%. Bitcoin fell more than 2.7% in CAD terms as investors moved risk off. Global equity funds recorded their largest outflows in nearly two months as traders braced for continued turmoil.
Market numbers
TSX: Down (‑0.98%), 33,609.97
TSXV: Down (‑1.79%), 1,060.16
DOW: Down (‑1.28%), 47,287.8
NASDAQ: Down (‑1.67%), 24,612.8
FTSE 100: Down (‑1.35%), 10,252.83
In the headlines
- AltaGas reports higher Q4 profit: AltaGas (TSX:ALA) — the Canadian energy‑infrastructure and utility company with operations spanning natural gas, power generation, and midstream services — reported Q4 profit of $205 million as revenue edged higher from last year. The company highlighted strong performance in its utilities segment and continued export growth.
- FedEx joins tariff refund lawsuits: FedEx (NYSE:FDX) — the global logistics, freight, and parcel‑delivery giant — has filed a lawsuit seeking a refund of tariffs imposed under former President Trump, after the Supreme Court ruled the emergency‑powers tariffs unconstitutional. More than 1,000 companies, including Costco and Revlon, have launched similar refund efforts.
Currencies
USD: Up (+0.08%), $0.7315
GBP: Up (+0.31%), $0.5487
EUR: Up (+0.60%), $0.63381
JPY: Up (+0.36%), ¥115.646
AUD: Up (+0.46%), $1.0477
Bitcoin (BTC/CAD): Down (‑2.72%), 94,384.1
(Conversion to C$1)
Commodities
Copper: Down (‑0.46%), 5.80774
Gold: Up (+0.42%), 5,102.68
WTI: Up (+7.06%), 87.69
Natural Gas: Up (+4.95%), 3.129
To stay up-to-date on all of your market news head to Stockhouse.com.
Join the discussion: Find out what everybody’s saying about AltaGas and FedEx for March 6th, 2026, on Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.