TORONTO — Canada’s main stock index fell on Thursday, while the price of oil rose to over US$95 per barrel as Iran continued attacks on shipping traffic and energy infrastructure in the Persian Gulf.

The April crude oil contract was up US$8.48 at US$95.73 per barrel.

The move came as the S&P/TSX composite index was down 279.23 points at 32,840.60.

In New York, the Dow Jones industrial average was down 739.42 points at 46,677.85. The S&P 500 index was down 103.18 points at 6,672.62, while the Nasdaq composite was down 404.15 points at 22,311.98.

The Canadian dollar traded for 73.44 cents US compared with 73.60 cents US on Wednesday.

The April gold contract was down US$53.30 at US$5,125.80 an ounce.

This report by The Canadian Press was first published March 12, 2026.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press