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Canada Benchmark Set to Erase Gains For Year Amid Gold Meltdown

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Gold fell for a seventh straight session as the Iran conflict escalated, weakening the safe-haven commodity. The drop is large enough that Canada's stock index, which is heavily tilted to the metals sector, is set to give up its 2026 gains, reversing earlier year-to-date outperformance.

Analysis

Gold fell for a seventh straight session as the Iran conflict escalated, weakening the safe-haven commodity. The drop is large enough that Canada's stock index, which is heavily tilted to the metals sector, is set to give up its 2026 gains, reversing earlier year-to-date outperformance.

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