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TSX Jumps After BoC Holds Rates, Oil Slips From 6-Week High (Sept. 3)

  Thursday, September 3, 2026 Canadian stocks rallied Wednesday after the Bank of Canada held its key rate steady, banks and gold miners led the charge, and Wall Street snapped a three-day losing streak. Overnight, oil eased back from a six-week high after President Trump suggested the latest round of U.S. strikes on Iran "won't continue much longer" — a comment markets took as a small sign the Middle East conflict may not escalate further, at least for now. Here's what moved markets and what it means for your wallet. 🇨🇦 Toronto Stock Exchange Index Close Change S&P/TSX Composite 36,092 +266 (+0.7%) The TSX climbed roughly 0.7% to close at 36,092 after the Bank of Canada held its overnight rate at 2.25% for an eighth straight meeting — exactly what markets expected. The central bank said the economic recovery is broadening, but flagged that upside risks to inflation have increased and that new tariffs have made the growth outlook murkier. It left the door open ...
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Wall Street Holds Steady Amid Trump's Tariff Threats

                                       

US stocks showed resilience on Tuesday as investors weighed President-elect Donald Trump's threat to impose fresh tariffs on China, Canada, and Mexico. The S&P 500 inched up roughly 0.3%, while the tech-heavy Nasdaq Composite jumped about 0.4%. However, the Dow Jones Industrial Average dropped 0.3% after hitting a record high.

Trump's pledge to impose tariffs from his first day in office initially sparked trade war fears, but Wall Street seemed to take the news in stride, holding onto gains from Monday's Bessent-bounce. Investors are now closely watching the release of Federal Reserve minutes for clues on the pace of interest rate cuts in the coming year.

European carmakers, particularly Nissan and Honda, faced pressure due to Trump's "America First" push, while the Mexican peso and Canadian dollar dropped sharply. Meanwhile, bitcoin retreated to trade around $92,840 per token as its bid for the $100,000 milestone ran out of steam.




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