Toronto Stocks Gain After Middle-East Conflict Begins; Air Canada Slips

Dow Jones03-03 01:08

By Adriano Marchese

Stocks listed in Toronto rose slightly for the first trading day since the joint attacks by the U.S. and Israel on Iran began.

Midday Monday, shares of energy companies led the gainers--with the price of oil surging on supply concerns--joined by the industrial-services and communications sectors. Of the few sectors in decline, consumer discretionary was the main laggard, followed by transportation and materials.

The S&P Global Canada manufacturing purchasing managers index edged higher in February to 51, after advancing to 50.4 in January, the first month in a year above the 50 threshold between contraction and expansion.

Canada's S&P/TSX Composite Index was 0.3% higher, at 34450.21, and the blue-chip S&P/TSX 60 rose by 0.5%, to 1983.61.

Air Canada's shares were down by 5.7%, to 19.45 Canadian dollars (US$14.26), in step with a broader airline-sector selloff, as investors react to a sharp increase in oil prices and the escalating conflict in the Middle East.

Other market movers:

Shares of MDA Space shares rose by 3.5%, to C$50.96, as investors rushed to the defense sector in the wake of deepening geopolitical tensions.

Arizona Sonoran Copper shares climbed by 23%, to C$8.85, after Hudbay Minerals said it would buy the company in full. Hudbay shares fell 4.9%, to C$36.76.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 02, 2026 12:08 ET (17:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Of the few sectors in decline, consumer discretionary was the main laggard, followed by transportation and materials. \n</p>\n<p>\n  The S&amp;P Global Canada manufacturing purchasing managers index edged higher in February to 51, after advancing to 50.4 in January, the first month in a year above the 50 threshold between contraction and expansion. \n</p>\n<p>\n  Canada's S&amp;P/TSX Composite Index was 0.3% higher, at 34450.21, and the blue-chip S&amp;P/TSX 60 rose by 0.5%, to 1983.61. \n</p>\n<p>\n  Air Canada's shares were down by 5.7%, to 19.45 Canadian dollars (US$14.26), in step with a broader airline-sector selloff, as investors react to a sharp increase in oil prices and the escalating conflict in the Middle East. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/MDALF\">MDA Space</a> shares rose by 3.5%, to C$50.96, as investors rushed to the defense sector in the wake of deepening geopolitical tensions. \n</p>\n<p>\n  Arizona Sonoran Copper shares climbed by 23%, to C$8.85, after Hudbay Minerals said it would buy the company in full. 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Of the few sectors in decline, consumer discretionary was the main laggard, followed by transportation and materials. \n\n\n  The S&P Global Canada manufacturing purchasing managers index edged higher in February to 51, after advancing to 50.4 in January, the first month in a year above the 50 threshold between contraction and expansion. \n\n\n  Canada's S&P/TSX Composite Index was 0.3% higher, at 34450.21, and the blue-chip S&P/TSX 60 rose by 0.5%, to 1983.61. \n\n\n  Air Canada's shares were down by 5.7%, to 19.45 Canadian dollars (US$14.26), in step with a broader airline-sector selloff, as investors react to a sharp increase in oil prices and the escalating conflict in the Middle East. \n\n\n \n\n\n  Other market movers: \n\n\n  Shares of MDA Space shares rose by 3.5%, to C$50.96, as investors rushed to the defense sector in the wake of deepening geopolitical tensions. \n\n\n  Arizona Sonoran Copper shares climbed by 23%, to C$8.85, after Hudbay Minerals said it would buy the company in full. Hudbay shares fell 4.9%, to C$36.76. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 02, 2026 12:08 ET (17:08 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2616323352","isCrawlerRequest":true}