The TSX closed the Wednesday trading session more than half a percentage point lower, as oil prices continued to rise in response to Iranian attacks on US warships, with the US retaliating by striking Iranian oil tankers to cut into the country’s economic resources. Momentum in oil stocks was offset by weakness in technology, financial and industrial stocks.
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US stocks posted similarly sized losses, with the broader market digesting the US 10-year treasury yield hitting its highest level since 2023, despite the Treasury Department vowing to double planned government debt buybacks, in conjunction with US President Trump’s ongoing media tirades against warring foe, Iran, as well as Canada, with whom the country finds itself in an escalating trade dispute.
| TSX | 35,906.56 | -216.49 |  |
| TSXV | 956.98 | -2.66 | |
| CSE | 177.69 | -1.07 | |
| DJIA | 52,381.08 | -404.99 | |
| NASDAQ | 26,253.34 | -168.07 | |
| S&P 500 | 7,636.36 | −37.16 | |
The Canadian dollar traded for US$0.7242, down from US$0.7254 on Tuesday.
US crude futures traded US$3.61 higher to US$96.64 per barrel, while the Brent contract traded US$0.38 higher to US$101.59 per barrel.
The price of gold was up by US$5.90 to US$4,444.90 per ounce.
In world markets, the Nikkei fell by 126.55 points to 65,142.78, the Hang Seng fell by 42.22 points to 25,274.96, the FTSE gave back 141.60 points to 10,670.06, while the Dax fell by 431.18 points to 25,576.45.
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