Oil Surges Toward $95 as Iran Conflict Escalates: Markets Update for July 22
Wednesday, July 22, 2026 Canadian markets clawed back Monday's losses on Tuesday, but that relief is already under pressure this morning. Crude oil jumped past $94 a barrel overnight after an 11th straight round of U.S. strikes on Iran, and U.S. futures are pointing lower as investors weigh higher energy costs against a busy week of tech earnings. Here's what moved markets and what it means for your wallet. 🇨🇦 TSX: Snapping Back From a 12-Day Low The S&P/TSX Composite rebounded +408.76 points (+1.17%) to close at 35,369.08 on Tuesday, recovering most of Monday's 303-point drop that had pushed the index to a 12-day low. Energy and mining names led the bounce as commodity prices firmed, while financials — Monday's biggest drag — steadied. Index Close Change S&P/TSX Composite 35,369.08 +408.76 (+1.17%) Note: figures reflect Tuesday's (July 21) close, the most recent completed TSX session as of this morning's report. 🇺🇸 US Markets: Chip Stocks Carry...
Comments
Post a Comment