Bitget App
Trade smarter
MarketsTradeFuturesEarnAISquareMore
TSX Closer: The Index Ends Lower as Industrials, Energy Weigh

TSX Closer: The Index Ends Lower as Industrials, Energy Weigh

MT newswireMT newswire2026/09/18 20:21
04:21 PM EDT, 09/18/2026 (MT Newswires) -- The S&P/TSX Composite Index edged lower on Friday as weakness in industrial, energy and technology stocks outweighed gains in health care and financials. The index closed down 67.61 points, or 0.2%, to 35,806.65 with mixed sectors. Industrials led decliner,s down 0.9%, followed by energy and information technology that closed down 0.7% and 0.4%, respectively. Shares in health care and financial closed up 0.4% and 0.3%, respectively. The Battery Metals Index, which includes companies listed both on the TSX and TSX Venture Exchange, jumped 4.5%. In commodities, West Texas Intermediate (WTI) and Brent crude fell on Friday as fresh diplomatic efforts around regional tensions helped ease some concerns over oil supply disruptions, even as risks to shipping routes in the Middle East remained elevated. October WTI crude oil contract settled down $1.61, or 1.6%, at $100.30 per barrel, while November Brent oil was last seen down $1.13, or 1.1%, at $103.69 per barrel. Meanwhile, December Comex gold futures jumped 0.4%, or $17.30, to $4,417.00 per ounce at last look. In currencies, the US dollar edged lower 0.02% against the Canadian dollar, with USD/CAD at 1.3988 at last look. In economics news, international investors bought CA$20.7 billion of Canadian securities in July, bringing the rolling 12-month inflow to an "astonishing" CA$295.5 billion, equivalent to 8.7% of this year's gross domestic product, BMO Capital Markets said in a note. The inflow was driven entirely by Canadian bonds, said BMO's Chief Economist Douglas Porter in the note. Meanwhile, Canada is a net importer of vehicles, in contrast to Mexico, which is becoming a major auto exporter, according to BMO. Canada produced 1.2 million vehicles over the past 12 months, compared with 3.9 million in Mexico, said. Yet Canada sells more vehicles domestically than Mexico, with more than 1.9 million sold versus around 1.6 million in Mexico. The distinction is becoming more relevant as reports indicate that Mexico and the US may be close to a trade and tariff agreement. The impact on Mexico's auto industry will be worth watching, particularly as Prime Minister Mark Carney cited the refusal by the United States to ease the 25% tariff on light trucks as one reason US-Canada trade talks broke down last month, Porter wrote.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Volkswagen plunges! Profit forecast for 2026 significantly lowered, Porsche writes down €6 billion

Volkswagen expects the Group's operating sales return in 2026 to reach a maximum of only 1%, far below the previously projected 4% to 5.5%. The company anticipates that special items will impact full-year operating profit by about 10 billion euros, with around 6 billion euros attributable to non-cash impairments of goodwill in Porsche's operations. Increased competitiveness from Chinese automakers and accelerated consumer demand shift toward pure electric vehicles are also significant pressures facing Volkswagen. As a result of this news, Volkswagen's share price closed down 5.6% on Friday.

华尔街见闻2026/09/18 21:51

As US Treasury yields rise, the cost of borrowing short-term Treasuries surges, with traders aggressively building short positions

The US Treasury will conduct auctions of two-year, five-year, and seven-year Treasury bonds next week. Currently, traders are racing to borrow bonds to short them, driving the borrowing costs for short-term Treasuries sharply higher. On Friday, the overnight repo rate for borrowing the current two-year Treasury was about 0.79%, while the rate for the five-year even dropped to as low as -0.85%. In contrast, the repo rate for regular Treasuries was around 3.88%.

华尔街见闻2026/09/18 20:56