S&P/TSX composite index down more than 100 points, oil heads higher

The Toronto Stock Exchange Broadcast Centre is pictured in Toronto on June 28, 2013. THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO — Canada’s main stock index was down more than 100 points in late-morning trading and the price of oil climbed higher as the ceasefire between Iran and the U.S. was strained by the latest fighting.

The July crude oil contract was up US$6.77 at US$94.13 per barrel.

The gain came as the S&P/TSX composite index was down 125.80 points at 34,643.34.

In New York, the Dow Jones industrial average was down 150.77 points at 50,881.69. The S&P 500 index was up 0.46 points at 7,580.52, while the Nasdaq composite was up 48.85 points at 27,021.47.

The Canadian dollar traded for 72.27 cents US compared with 72.47 cents US on Friday.

The August gold contract was down US$101.10 at US$4,491.90 an ounce.

This report by The Canadian Press was first published June 1, 2026.