TSX Drops 1% to Two-Week Low as Mining Shares Decline
The TSX fell 1% to a two-week low on Thursday as mining shares declined. Investors grew cautious over the Middle East conflict while oil prices rose sharply.
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The Canadian stock market fell to its lowest point in two weeks on Thursday as investors responded to escalating geopolitical tensions. Canada's benchmark index was dragged down by a significant retreat in the materials sector, reflecting a broader global trend of risk aversion. The S&P/TSX Composite Index finished the day at 33,609.97, representing a decline of 332.89 points, or 1%. This mark represents the lowest closing level for the index since February 19.
