Canadian stock market's benchmark S&P/TSX Composite Index drifted lower on Monday, weighed down by losses in materials and consumer discretionary sectors. Thanks to higher oil prices, energy stocks gained significant ground, limiting market's downside.
The mood in the market remained cautious amid uncertainty about U.S. and Iran holding another round of discussions to end the conflict in the Middle East. Also, investors looked ahead to the monetary policy announcement from central banks, including the Federal Reserve, Bank of Canada, European Central Bank, Bank of England and the Bank of Japan.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.