Toronto Stocks Decline as Middle East Conflict Continues; Constellation Software 4Q Profit Falls

Dow Jones03-10

By Adriano Marchese

Toronto stocks were sharply lower as the conflict against Iran in the Middle East entered its second week.

Oil surged on Monday around $100 a barrel as the Strait of Hormuz, a critical shipping corridor, remained blocked and other oil-producing nations in the region cut back their output.

The Canadian energy sector was the main gainer. Materials, consumer discretionary and health tech names led the broad-based decline.

Canada's S&P/TSX Composite Index fell 1% to 32743.22 and the blue-chip S&P/TSX 60 was down 0.8% to 1899.98.

Constellation Software profit fell in the fourth quarter due to a large noncash charge tied to the rising value of an investment, which offset higher revenue. Shares fell 0.6% to 2,944.83 Canadian dollars ($2,170.34).

Other market movers:

Mining stocks were lower to start the week as metals prices continued to roll back some of their recent gains.

Among the decliners were Silvercorp Metal, which fell 6.2%, and SSR Mining, down 6%. Lundin Mining declined 4.9% and Aya Gold & Silver fell 4.4%.

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

(END) Dow Jones Newswires

March 09, 2026 12:29 ET (16:29 GMT)

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

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Materials, consumer discretionary and health tech names led the broad-based decline. \n\n\n  Canada's S&P/TSX Composite Index fell 1% to 32743.22 and the blue-chip S&P/TSX 60 was down 0.8% to 1899.98. \n\n\nConstellation Software profit fell in the fourth quarter due to a large noncash charge tied to the rising value of an investment, which offset higher revenue. Shares fell 0.6% to 2,944.83 Canadian dollars ($2,170.34). \n\n\n \n\n\n  Other market movers: \n\n\n \n\n\n  Mining stocks were lower to start the week as metals prices continued to roll back some of their recent gains. \n\n\n  Among the decliners were Silvercorp Metal, which fell 6.2%, and SSR Mining, down 6%. Lundin Mining declined 4.9% and Aya Gold & Silver fell 4.4%. \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 09, 2026 12:29 ET (16:29 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":"-1","news_tag":"dataReport","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/2618678272","isCrawlerRequest":true}