Canadian shares continued to fall sharply for the second consecutive session on Friday as West Texas Intermediate (WTI) crude oil futures costs jumped by greater than 16% in a single day to round US$91 per barrel amid increasing Center East conflicts after the latest strikes on Iran by the U.S. and Israel. These geopolitical tensions, coupled with surging Treasury yields, led to a steep decline of 526 factors, or 1.6%, within the S&P/TSX Composite Index to shut at 33,084.
Whereas choose shopper staples and utility shares noticed renewed shopping for curiosity, large intraday declines in different key sectors like shopper cyclicals, industrials, and financials weighed closely on the benchmark and overshadowed beneficial properties in defensive names.
With this, the TSX index concluded the week with a 3.7% drop, marking its greatest share decline in 5 weeks.
Prime TSX Composite movers and lively shares
Shares of Methanex (TSX: MX) plunged 13.4% to $67.03 apiece, making it the worst-performing TSX inventory for the day. This selloff in MX inventory got here after the Vancouver-headquartered methanol producer reported a fourth-quarter loss and weaker profitability. For the December quarter, the corporate posted a internet lack of $89 million in comparison with a $7 million loss within the earlier quarter, largely as a result of an $82 million non-cash impairment cost associated to its New Zealand operations.
Methanex’s common realized methanol worth fell to $331 per tonne final quarter, whereas its adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) slipped to $186 million. Though the agency’s manufacturing rose to 2.36 million tonnes, decrease pricing and better prices weighed on its earnings.
Algonquin Energy & Utilities, Bitfarmsand Linamar additionally plunged by over 7% every, making them among the many day’s backside performers on the Toronto Inventory Alternate.
Regardless of the broader market selloff, Aecon Group (TSX:ARE) jumped 7.5% to $40.81 per share because it reported sturdy full-year outcomes, together with report income and improved profitability. In 2025, the corporate’s income climbed 28% to a report of about $5.4 billion with the assistance of broad energy throughout its development phase, significantly in nuclear, civil, and utilities work.
Aecon’s working revenue additionally swung to $87.1 million in 2025 from an working loss in 2024, whereas its adjusted EBITDA greater than doubled to about $235 million. As well as, the corporate signalled expectations for 2026 income to exceed 2025 ranges primarily based on its sturdy backlog and various mission pipeline. On a year-to-date foundation, ARE inventory is now up 29%.
Constellation Software program, Curaleafand Strathcona Assets additionally inched up by a minimum of 4.2% every, making them among the many day’s top-performing TSX shares.
Based mostly on their day by day commerce quantity, Canadian Pure Assets, Cenovus Power, Suncor Power, Capstone Copperand Baytex Power had been the 5 most lively shares on the alternate.
TSX immediately
The rally in WTI crude oil accelerated additional in early morning commerce on Monday because the escalating U.S.-Israel battle with Iran triggered recent provide considerations throughout the worldwide vitality market. Oil costs surged to their highest ranges in additional than three years after a number of Center Japanese producers started reducing output amid disruptions to exports and delivery routes.
For the resource-heavy TSX, elevated crude costs could present assist to vitality producers on the open immediately, though broader investor sentiment will stay cautious as geopolitical uncertainties proceed to unfold.
Whereas no main financial releases are due this morning, the TSX-listed Constellation Software program will announce its newest quarterly outcomes immediately, which might maintain its shares in focus all through the session.