Canadian stocks moved to the downside on Monday as investors resorted to booking profits from record highs from Friday while refraining from making big moves ahead of the upcoming monetary policy meeting by the U.S. Federal Reserve.
After opening below the previous week's close, the benchmark S&P/TSX Composite Index traded firmly negative throughout the session before closing at 31,101.78, down by 281 points (or 0.90%). Last Friday, the index settled at a new record closing high of 31,382.78.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.