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      TSX Falls 1.5% as Geopolitical Tensions Lift Oil Prices

      The S&P/TSX Composite Index fell 1.5% on Thursday to close at 31,888 as rising geopolitical tensions and higher energy prices weighed on markets. Investor sentiment weakened after President Trump said Iran must get serious, overshadowing earlier hopes for a peace deal.

      Brent crude rose 5%, helping energy producers on the Toronto market. Suncor Energy and Cenovus Energy each gained 0.7%, while financial shares declined as Treasury yields climbed. Royal Bank of Canada and TD Bank both fell more than 1.2%, Bank of Montreal dropped 3.1%, and CIBC lost 2.8%.

      Mining stocks also came under pressure. Agnico Eagle fell 1.9%, Barrick Gold declined 3.8%, and Cameco slid 4%. Shopify lost 2.5% as investors adjusted expectations for growth in a higher-rate environment.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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