TORONTO – Canada’s main stock index was down more than 100 points in early trading, while U.S. stock markets also tumbled lower amid ongoing attacks by the U.S. and Israel on Iran.
The price of oil also shot higher as disruptions to tanker traffic through the Strait of Hormuz raised concerns.
The April crude oil contract was up US$5.20 at US$72.22 per barrel, while the April gold contract was up US$115.80 at US$5,363.70 an ounce.
The S&P/TSX composite index was down 136.80 points at 34,203.19.
In New York, the Dow Jones industrial average was down 437.18 points at 48,540.74. The S&P 500 index was down 50.87 points at 6,828.01, while the Nasdaq composite was down 163.15 points at 22,505.06.
The Canadian dollar traded for 73.11 cents US compared with 73.30 cents US on Friday.
This report by The Canadian Press was first published March 2, 2026.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
