Canada’s TSX Erases 2026 Gains as Gold Price Plunges Amid War

Canadian stocks erased all of their gains for the year as shares of gold producers tumbled and traders bet that central banks may not rush to cut interest rates due to the inflationary effects of the Iran war.

The S&P/TSX Composite Index fell 1.7% on Friday, hitting its lowest level since the middle of December. Most of day’s worst performers were gold and silver firms, with B2Gold Corp. and Vizsla Silver Corp. among the biggest decliners in the session. Lithium Americas Corp. was the worst performer on the TSX on Friday.