Canadian stocks ticked lower on Tuesday after a slump in the oil-linked energy sector and a plunge in the gold-linked materials sectors pulled down the market, while investors received U.S. President Donald Trump's assurances on early reopening of the Strait of Hormuz with cautious optimism.
After opening higher than yesterday's close, today the benchmark S&P/TSX Composite Index gave ground early in the session to reach an intraday low of 33,990.51. Despite regaining momentum, it traded negative throughout the rest of the session before settling at 34,411.69, down by 67.05 points (or 0.19%).
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.