Toronto Stocks Decline as Middle East Conflict Continues; Constellation Software 4Q Profit Falls
By Adriano Marchese
Toronto stocks were sharply lower as the conflict against Iran in the Middle East entered its second week.
Oil surged on Monday around $100 a barrel as the Strait of Hormuz, a critical shipping corridor, remained blocked and other oil-producing nations in the region cut back their output.
The Canadian energy sector was the main gainer. Materials, consumer discretionary and health tech names led the broad-based decline.
Canada's S&P/TSX Composite Index fell 1% to 32743.22 and the blue-chip S&P/TSX 60 was down 0.8% to 1899.98.
Constellation Software profit fell in the fourth quarter due to a large noncash charge tied to the rising value of an investment, which offset higher revenue. Shares fell 0.6% to 2,944.83 Canadian dollars ($2,170.34).
Other market movers:
Mining stocks were lower to start the week as metals prices continued to roll back some of their recent gains.
Among the decliners were Silvercorp Metal, which fell 6.2%, and SSR Mining, down 6%. Lundin Mining declined 4.9% and Aya Gold & Silver fell 4.4%.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 09, 2026 12:44 ET (16:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
The 7 Best Dividend Aristocrats to Buy Now for the Long Term
The 10 Best Companies to Invest in Now
7 Stocks to Buy That Can Move the Market
This Turnaround Stock Is Up and Still 38% Undervalued
United States