TORONTO – Canada’s main stock index was down more than 250 points while the price of oil rose to top US$90 per barrel as Iran continued attacks on shipping traffic and energy infrastructure in the Persian Gulf.
The April crude oil contract was up US$9.08 at US$96.33 per barrel.
The move came as the S&P/TSX composite index was down 264.06 points at 32,855.77.
In New York, the Dow Jones industrial average was down 662.74 points at 46,754.53. The S&P 500 index was down 91.36 points at 6,684.44, while the Nasdaq composite was down 403.62 points at 22,312.52.
The Canadian dollar traded for 73.37 cents US compared with 73.60 cents US on Wednesday.
The April gold contract was down US$40.60 at US$5,138.50 an ounce.
This report by The Canadian Press was first published March 12, 2026.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
