TSX ends higher for second day as financials, metal miners rise

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March 10, 2026 9:43 AM EDT

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

By Fergal Smith

March 10 (Reuters) - ‌Canada's main stock ​index ​edged higher on Tuesday as fears lessened of a prolonged Middle East war, with gains for financial and metal mining shares ‌offsetting declines for energy after oil prices pulled back.

The S&P/TSX ⁠Composite Index ended up 81.33 points, or 0.3%, at 33,270.65. On Monday, the index touched ‌its lowest intraday level ‌since February 6 before ending higher.

The United States and Israel pounded Iran on Tuesday with what the Pentagon and Iranians on the ground called ​the most intense airstrikes of the war, despite global markets betting U.S. President Donald Trump will seek to end the conflict soon.

"Prices have ⁠recovered somewhat after the initial fears of a prolonged conflict," said Michael Sprung, president at Sprung ​Investment Management.

"Going forward we're going to see high volatility as long as this war continues. Perhaps the best thing investors ​can do is just be confident in ‌the companies they own in terms of their financial integrity and their management integrity."

The materials index, which includes precious ⁠metal miners, added 1.2%. The price of gold was up 1.2% as the safe-haven U.S. dollar gave back some recent gains.

Heavily weighted financials were up 0.8% despite ⁠a near 57% plunge in the shares of goeasy Ltd. The lender forecast a ​fourth-quarter incremental charge-off of C$178 million ($131.25 million) and suspended its quarterly dividend as well as share repurchases.

Five of the 10 major sectors ended lower, including energy which lost ‌0.5%. The price of oil settled down 11.9% at $83.45 a barrel on reduced expectations of prolonged oil supply disruptions.

Technology ‌was also a drag, falling 1.5%, with shares of e-commerce company Shopify Inc ⁠down 3.1%

Thomson Reuters shares ended ‌7% lower, contributing to ​the industrials sector losing 1.1%.

(Reporting by Fergal Smith in Toronto and Rashika Singh in Bengaluru; Editing by Jonathan Ananda and ‌Chris Reese)


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