Canadian and U.S. stocks down after Israeli attacks on Iran, price of oil jumps

Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

TORONTO — Canada’s main stock index closed down along with U.S. markets Friday as investors became cautious following Israeli attacks on Iranian nuclear and military targets.

The S&P/TSX composite index closed down 111.40 points at 26,504.35 as the risk-off sentiment was somewhat offset by a sharp rise in oil prices. 

• Real-time TSX market updates here

In New York, the Dow Jones industrial average was down 769.83 points at 42,197.79. The S&P 500 index was down 68.29 points at 5,976.97, while the Nasdaq composite was down 255.66 points at 19,406.83.

The Canadian dollar traded for 73.54 cents US compared with 73.46 cents US on Thursday. 

• S&P 500 market updates here

The August crude oil contract was up US$4.65 at US$71.29 per barrel and the July natural gas contract was up nine cents US at US$3.58 per mmBTU.

The August gold contract was up US$50.40 at US$3,452.80 an ounce and the July copper contract was down three cents US at US$4.81 a pound.

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This report by The Canadian Press was first published June 13, 2025.