Canadian Stocks Fall 0.8% In Morning Trading
Dow Jones2026/08/31 14:11This article was automatically generated by Dow Jones using technology from Automated Insights.
Stocks in Canada slipped during early trading Monday, as the S&P/TSX Composite Index declined 0.8% to 36268.96.
Among local companies with a market cap of at least 1 billion Canadian dollars ($720.7 million), Shopify Cl A is the biggest early laggard, falling 4.7%, followed by shares of Southern Cross Gold Cons, which dropped 4.2%. Shares of K92 Mining declined 4.0%.
Xanadu Quantum Techs is the biggest leader this morning, surging 7.5%, and Vermilion Energy jumped 3.5%. Precision Drilling rounds out the top three movers, as shares increased 3.3%.
On the currency front, the WSJ Dollar Index fell 0.1% to 95.78. The Canadian dollar strengthened 0.2% against the U.S. dollar to US$0.72.
In the bond markets, the 10-year Canadian government bond yield rose 2.79 basis points to 3.752%.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 31, 2026 10:11 ET (14:11 GMT)
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.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
