Canadian Market Rebounds From Early Slump as Energy and Tech Sectors Rally

The Canadian market initially faced a significant drop but recovered to close in positive territory, driven by gains in energy, technology, and utilities sectors. The rebound followed a sharp decline due to geopolitical tensions and rising oil prices.

• Canadian market rebounded from a sharp early decline, closing in positive territory.
• Energy, technology, and utilities sectors led the recovery with gains between 1.3% and 4.5%.
• S&P/TSX Composite Index fell to 32,564.14 but recovered to 32,997.71.
• WTI crude oil prices surged to nearly $114 a barrel before easing to $111.
• Canada's trade deficit widened to C$5.7 billion in February, the largest since August 2025.