TSX retreats from record high amid Middle East tensions
Canada's main stock index eased from a record high as Middle East tensions weighed on markets. Technology and mining shares led the decline on Wednesday.
The S&P/TSX Composite Index fell 0.3% to 35,038.21 points on Wednesday morning as Middle East tensions disrupted global risk appetite. The decline follows a record-breaking session on Tuesday when the index first crossed the 35,000 threshold. Investors are weighing the risk of regional escalation against a backdrop of high commodity prices.
### Middle East Conflict Pressures Canadian Equities The United States military reported on Wednesday morning that it thwarted missile attacks from Iran targeting Bahrain and Kuwait. This development cooled hopes for a resolution to the months-long conflict. Josh Sheluk, portfolio manager at Verecan Capital Management, described the escalation as a tail risk currently being priced into the market.
