S&P/TSX Composite falls 1.1% to close at 35,506
The S&P/TSX Composite Index fell 1.1% to close at 35,506 on Thursday. Rising oil prices and higher bond yields added to inflationary pressures as oil supply disruption fears intensified.
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08:44:34 PM UTC
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By Fergal SmithCanada's main stock index fell to its lowest level in nearly six weeks on Thursday as surging oil prices raised expectations for interest rate hikes from major central banks to tackle inflation, with metal mining shares leading broad-based declines.The S&P/TSX Composite Index TSX:TSX…
1% to close at 35,506 on Thursday, with rising oil prices and higher bond yields adding to inflationary pressure. Oil prices jumped as concerns deepened over prolonged energy supply disruptions after the biggest wave of attacks on shipping in the Strait of Hormuz by Washington and Tehran on Wednesday. Global yields moved higher on worries about prolonged inflation, weighing on equities. 7%.
3%. 7% after saying it would buy Tallgrass Energy’s crude oil business, including a majority stake in the Pony Express Pipeline and other assets.