Canadian Stocks Retreat from Record High Ahead of Bank Earnings Season

The TSX retreated from record highs on Monday as investors weighed U.S. trade policy. Markets are now focused on the upcoming bank earnings season.

Insights:
Canada CACA's S&P/TSX Composite Index pulled back 0.1% from an intraday record on February 23, 2026, as investors reacted to uncertainty over United States USUS trade policy. The move occurred immediately after the index reached a new intraday high and followed a record closing high the prior session. This market reaction coincides with the beginning of the bank earnings season, a period of significant importance as financials are the most heavily weighted sector on the TSX.
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
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