TSX Sinks 1.23% as Global Bond Yields Weigh on Canadian Equities
The Toronto Stock Exchange (TSX) experienced a decline of 1.23% on Tuesday, September 1, 2026, closing at 35,825.73, down from its previous close of 36,270.48.
This downturn was largely attributed to the rising global bond yields, which weighed heavily on equity markets worldwide. The Canadian 10-year yield reached a near two-week high during the session, causing market participants to reassess the path for central bank policy following hawkish commentary from Federal Reserve Chair Kevin Warsh.
The Bank of Canada's upcoming policy meeting on Wednesday was closely watched, with investors anticipating that interest rates would remain unchanged. However, the broader global repricing of rate expectations still had a significant impact on Canadian equities, particularly in technology and growth-oriented sectors.