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Markets Slip as U.S.–Iran Standoff Deepens and Risk Sentiment Weakens

  North American markets opened the week under pressure as renewed U.S.–Iran tensions rattled global risk sentiment. Major indexes across Canada and the U.S. slipped, with investors shifting toward defensive sectors and safe‑haven assets. The latest escalation — including heightened military posturing and stalled diplomatic channels — pushed oil prices higher and injected fresh volatility into energy markets. While rising crude typically supports Canadian producers, the broader uncertainty weighed on equities, particularly in rate‑sensitive and cyclical sectors. Bond yields edged lower as investors sought safety, and the Canadian dollar softened slightly against the U.S. dollar, reflecting a cautious tone across global markets. For Canadian investors, the key risk remains prolonged geopolitical instability feeding into energy prices, inflation expectations, and central‑bank policy paths. Until tensions ease, markets are likely to remain headline‑driven and choppy.

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TSX and US Markets Rise Ahead of Earnings and Interest Rate Meetings

 


The Toronto Stock Exchange (TSX) and the US markets both posted gains on Monday, January 29, 2024, ahead of earnings and interest rate meetings. The S&P/TSX composite index closed up 74.78 points at 21,200.06. The Dow Jones Industrial Average was up 224.02 points at 38,186.08. The markets picked up steam in the afternoon as Treasury yields fell.


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