S&P/TSX composite rises amid gains in oil prices, U.S. stock markets mixed

Plumes of smoke from two simultaneous strikes rise over Tehran, Iran, Monday, March 2, 2026. (AP Photo/Mohsen Ganji)

Strength in the energy sector helped Canada’s main stock index finish higher as U.S. and Israeli attacks on Iran raised worries about crude oil supplies and pushed prices higher.

The April crude oil contract was up US$4.21 at US$71.23 per barrel.

The S&P/TSX composite index was up 201.28 points at 34,541.27.

In New York, the Dow Jones industrial average was down 73.14 points at 48,904.78. The S&P 500 index was up 2.74 points at 6,881.62, while the Nasdaq composite was up 80.65 points at 22,748.86.

The Canadian dollar traded for 73.06 cents US compared with 73.30 cents US on Friday.

The April gold contract was up US$63.70 at US$5,311.60 an ounce.

This report by The Canadian Press was first published March 2, 2026.