Markets Today: TSX Extends Gains as Oil Tops $80, Nikkei Slides on Chip Selloff — July 16, 2026
Thursday, July 16, 2026 A calm reaction to the Bank of Canada's rate hold gave way to a jumpier morning overseas, as surging oil prices and a semiconductor selloff in Tokyo set the tone for markets heading into Thursday's session. The Quick Take TSX closed Wednesday up 95.66 points at 35,416.20, shrugging off a "muted" reaction to the BoC's sixth straight rate hold at 2.25% Wall Street's three major indexes all finished higher Wednesday; futures are mixed to slightly lower Thursday morning Oil is above $80 US a barrel, up more than 11% over four sessions, as U.S. strikes on Iran continue near the Strait of Hormuz Japan's Nikkei fell 2.6% overnight on a chip-stock selloff; European markets are mixed this morning The loonie sits at 71.18 cents US, a touch firmer than Tuesday 🇨🇦 Canadian Markets The S&P/TSX Composite climbed 95.66 points Wednesday to close at 35,416.20, with strength in financials offsetting weakness in basic materials and technology ...

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