TSX opens flat as falling oil prices lift risk appetite

The S&P/TSX composite index edged up 0.08 percent at the open on Monday. Lower oil prices and Wall Street optimism helped support broader risk appetite.

Xurve View

The main stock index in Canada opened with little change on Monday as investors balanced global geopolitical tensions against positive momentum from international markets. A notable pullback in oil prices helped support broader risk appetite, providing a cushion for equities despite the ongoing conflict in the Middle East. By 9:31 a.m. ET, the S&P/TSX composite index edged up by 0.08%, reaching 32,569.06 points. This steady start followed a wave of optimism from Wall Street, which has continued to influence North American trading sentiment. Market participants remain focused on fluctuating energy costs and their potential impact on inflationary pressures and central bank policies.

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