TSX Rallies 2.6 Percent but Ends March With Steep Loss
Canada's main stock index rose 2.6 percent today as geopolitical tensions eased. However, the index still recorded its largest monthly decline since May 2023.
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The main stock index in Canada recorded its largest daily gain since April on Tuesday, as investors found hope in the potential de-escalation of Middle East tensions. The Toronto Stock Exchange S&P/TSX Composite Index rose 833.10 points, or 2.6%, to finish at 32,768.04. Despite the strong performance, the index ended the month of March down 4.6%, marking its most significant monthly slide in nearly three years. On a quarterly basis, however, the market remained resilient with a 3.3% increase, representing the seventh consecutive quarter of growth.
