TSX falls for second day as oil and gold prices slide
The S&P/TSX composite index dropped 241.82 points to 34,412.05 on Wednesday as energy and materials sectors retreated. While major banks reported strong quarterly results, falling commodity prices and geopolitical uncertainty regarding shipping routes pressured the Canadian market.
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Canada's main stock index fell 241.82 points, or 0.7%, to 34,412.05 on Wednesday afternoon as commodity prices retreated from recent peaks. This marks the second consecutive decline for the S&P/TSX composite index after it reached a record closing high on Monday. The pullback highlights the index's sensitivity to energy and metal price swings even as long-term growth forecasts remain positive.
