FX.co ★ TSX Falls Amid Losses in Banking and Mining

The S&P/TSX Composite Index slipped nearly 0.5% to below 35,500, dragged lower by weakness in major bank and mining stocks. Global bond yields hovered near multi-year highs, reflecting worries about persistent energy-driven inflation, rising fiscal risks, and increased debt issuance tied to artificial intelligence investments. Credit-sensitive shares retreated, with RBC and TD Bank each declining more than 0.5%. Mining stocks also lost ground as gold pared earlier gains, with Agnico Eagle falling nearly 1.5% and Barrick dropping more than 1.5%. In corporate news, Suncor (-1.5%) said it agreed to sell its stakes in three offshore oil assets to Ithaca, while Cenovus (-4%) announced a cash-and-stock deal to acquire Athabasca Oil. Energy names faced additional pressure as the recent oil rally stalled.