From Nasdaq: 2025-06-19 16:28:00

The Canadian stock market dipped as investors worried about potential US involvement in the Middle East, with subdued activity due to the Juneteenth Holiday in the US. The S&P/TSX Composite Index closed at 26,506.00, down 0.20%.

Small business optimism in Canada rose in June, with the CFIB Barometer long-term index increasing to 47.3 from 40 in May.

The US Federal Reserve kept interest rates unchanged, projecting two rate cuts later this year, with Chair Jerome Powell expecting an increase in inflation over the summer.

The Israel-Iran conflict intensified, with Israel bombing nuclear targets in Iran and Iranian missiles hitting a hospital in Israel. The US President Donald Trump is considering entering the conflict.

Investors fear global financial disruptions if more nations get involved in the Middle East crisis. Major sectors that lost included Consumer Discretionary, Materials, and Healthcare, while Energy, Consumer Staples, and Communication Services gained. Notable losers were Dollarama, Capstone Mining, and Bausch Health Companies, while prominent gainers were Paramount Resources, Empire Company, and Rogers Communications.



Read more at Nasdaq: TSX Falls Amid Fears Of US Joining Middle East Conflict