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Market Open: Amazon Under Pressure, Shein Slides as Oil and Bond Yields Rise | Sep 1st

Economy, Finance, Market News, Market Summary
01 September 2026 10:17 (EDT)
Markets fall as rising oil prices fuel inflation concerns. Amazon faces FTC scrutiny, Shein drops, and Anthropic signs a $35B AI deal.

Markets fall as rising oil prices fuel inflation concerns. Amazon faces FTC scrutiny, Shein drops, and Anthropic signs a $35B AI deal.

Markets are under pressure to begin September as rising oil prices and surging bond yields weigh on investor sentiment. The TSX is down 0.65%, while the TSX Venture Index has fallen 1.33%. In the U.S., the Dow is down 0.58% and the Nasdaq is lower by 1.26% as higher energy prices fuel inflation concerns and pressure growth-oriented technology stocks.

Geopolitical tensions remain a key market driver after reports of U.S. action against Iranian targets pushed crude oil higher. Added context also points to growing inflation anxiety in the bond market, while demand for Canadian-made products continues to rise amid trade tensions. Bitcoin remains above C$108,000 despite modest weakness, while currencies and commodities continue to react to shifting expectations around inflation and economic growth.

Market numbers

TSX: Down (‑0.65%) 36,033.62

TSXV: Down (‑1.33%) 969.44

DOW: Down (‑0.58%) 52,922.8

NASDAQ: Down (‑1.26%) 29,072.7

FTSE 100: Down (‑0.28%) 10,780.29

In the headlines

Currencies

USD: Down (‑0.24%) $0.7197

GBP: Down (‑0.11%) $0.5315

EUR: Down (‑0.07%) $0.62087

JPY: Down (‑0.01%) ¥115.294

AUD: Down (‑0.03%) $1.0065

Bitcoin (BTC/CAD): Down (‑0.32%) 108,461.1

(Conversion to C$1)

Commodities

Copper: Down (‑1.31%) 6.60290

Gold: Down (‑1.93%) 4,363.40

WTI: Up (+2.61%) 87.80

Natural Gas: Down (‑2.26%) 2.857

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