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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.