Canadian stocks tumbled on Friday as stronger-than-expected Canadian and U.S. jobs data raised concerns the Bank of Canada and the Federal Reserve will hold interest rates at elevated levels for a longer duration.
Concerns about tensions in the Middle East and reports that Hezbollah has rejected a new ceasefire agreement with Israel weighed as well on sentiment.
The benchmark S&P/TSX Composite Index, which fell to 34,687.47, was down 464.61 points or 1.32% at 34,752.45 a little while ago.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.