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CANADA STOCKS-TSX falls for second day on lower oil and gold prices
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CANADA STOCKS-TSX falls for second day on lower oil and gold prices
Jun 18, 2026 1:52 PM

* TSX ends down 0.4% at 34,969.26

* Energy loses 1.9% as oil settles lower

* Materials group falls 2.7%, tracking gold

* Toromont Industries ( TMTNF ) shares jump 17.1%

(Updates at market close)

By Tharuniyaa Lakshmi and Fergal Smith

TORONTO, June 18 (Reuters) - Canada's main stock index fell

on Thursday as the Federal Reserve's more hawkish stance and the

prospect of increased oil supplies weighed on commodity prices.

The Toronto Stock Exchange's S&P/TSX Composite Index

ended down 155.85 points, or 0.4%, at 34,969.26,

extending its pullback from a record closing high on Tuesday.

* Oil fell to its lowest level since before the start of the

Iran war at the end of February as an interim deal to end

fighting, reopen the Strait of Hormuz and ease sanctions on

Tehran boosted the global supply outlook.

* U.S. crude futures settled 0.25% lower at $76.60 a

barrel, while the energy sector was down 1.9%.

* "You had a two-punch whammy in two sectors that are quite

meaningful in the Canadian market," said Greg Eckel, portfolio

manager of Canadian General Investments. "You've had the price

of oil declining, along with energy stocks and the prospect of

higher rates pressured gold stocks."

* The Fed held interest rates steady as expected on

Wednesday but new projections and comments from Kevin Warsh, who

was presiding over his first meeting as chair, blindsided

traders and led markets to price in a possible hike within

months.

* The materials group, which includes metal

mining shares, lost 2.7%. Gold fell as the hawkish policy

signals from the Fed boosted the U.S. dollar.

* Shares of information technology consulting company CGI

Inc ( GIB ) fell 7.1%, which contributed to the technology

sector declining 2.5%.

* Six of 10 major sectors ended higher, including heavily

weighted financials and industrials, which added 0.5% and 0.9%

respectively.

* Toromont Industries Ltd ( TMTNF ) shares jumped 17.1% after

the Caterpillar equipment dealer announced an update on its

power systems business.

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