S&P/TSX composite down more than 200 points, oil up after latest U.S.-Iran attacks
Canada's main stock index, the S&P/TSX composite, experienced a significant drop of over 200 points in late-morning trading on September 9, 2026. This decline occurred as the price of oil surged following the latest attacks between the U.S. and Iran. The October crude oil contract saw an increase of US$3.36, bringing the price to US$96.39 per barrel.
The U.S. military reported the destruction of five Iranian oil tankers in retaliation for recent attacks on its warships. As a result, the S&P/TSX composite index fell to 35,900.58 points. In contrast, the Dow Jones industrial average in New York decreased by 428.35 points to 52,357.72, while the S&P 500 index dropped by 38.65 points to 7,634.87.
The Nasdaq composite also experienced a decline of 180.67 points, settling at 26,240.74. The Canadian dollar was trading at 72.37 cents US, up from 72.55 cents US the previous day. Gold prices, on the other hand, saw a decrease of US$8.20, reaching US$4,430.80 per ounce.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
