31 March 2026, 23:40 Canada: TSX Surges Amid De-Escalation Hopes.
The S&P/TSX Composite Index surged 2.6% to close at 32,768 on Tuesday as a wave of optimism regarding a potential diplomatic end to the Middle East conflict sparked a broad rally in risk assets. While the benchmark recovered significant ground in the final session it concluded March with a decline of 4.6% marked by the fifth consecutive week of war-related volatility. The technology sector notably underperformed during the quarter with the info tech subindex tumbling over 26% as capital rotated into energy producers amid soaring crude prices. Tech darling Shopify saw a daily gain of 6%, yet remains down nearly 30% for the year due to AI-related disruption fears and the ongoing regional instability. Domestic sentiment drew additional support from preliminary GDP data reflecting a third consecutive monthly expansion in February alongside strong gains in the financial sector. Royal Bank of Canada and TD Bank rose 2.3% and 1.9% respectively while Agnico Eagle Mines surged 5.8%.
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