The TSX Composite fell to its lowest close since early September, down about 4 percent from its late-August high, even as WTI crude above 100 dollars a barrel supported energy names within the index. The broader decline tracked US markets after the Federal Reserve raised its policy rate for the first time since 2023. The Canadian dollar traded near a six-week low, as the widening rate gap between the two central banks outweighed the lift from higher oil.
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The TSX Composite closed the week at 35,806.65, down 67.61 points Friday with decliners outnumbering advancers by roughly 400.
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Canadian stocks and oil moved in opposite directions Monday, with the broad index gaining even as crude posted its steepest single-session drop since February.
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Brent was the only one of the three to finish above its starting level, while the index and gold both fell.
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The Bank of Canada held its policy rate at 2.25% for a seventh straight time, yet Canadian yields rose as United States yields surged.
Government of Canada Benchmark Yields, September 2026
September 30, 2026
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The index fell for the month even though Brent crude gained and the Strait of Hormuz stayed shut, because rising United States bond yields outweighed oil and gold.
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Canadian yields drifted higher through August even though the Bank of Canada held its policy rate at 2.25% and had no decision to make during the month.
Government of Canada Benchmark Yields, August 2026
August 31, 2026
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