TORONTO – Canada’s main stock index was down nearly 400 points in early trading, while the price of oil rose to top US$100 per barrel as the Iran war ramped up.
The April crude oil contract was up US$9.12 at US$100.02 per barrel.
The move in the price of crude came as Bahrain’s national oil company declared force majeure for its shipments after an Iranian attack set its refinery ablaze and oil depots in Tehran smouldered following overnight strikes by Israel.
The S&P/TSX composite index was down 372.88 points at 32,710.84.
In New York, the Dow Jones industrial average was down 554.87 points at 46,946.68. The S&P 500 index was down 66.28 points at 6,673.74, while the Nasdaq composite was down 175.54 points at 22,212.14.
The Canadian dollar traded for 73.77 cents US compared with 73.46 cents US on Friday, while the April gold contract was down US$61.20 at US$5,097.50 an ounce.
This report by The Canadian Press was first published March 9, 2026.
— With files from The Associated Press
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
