TORONTO – Canada's main stock index experienced a significant decline in late-morning trading on February 17, 2026, with the S&P/TSX composite index down by more than 200 points. The drop was primarily driven by losses in the base metals and energy sectors, contrasting with positive movement in U.S. markets.

The S&P/TSX composite index fell by 243.72 points, bringing it to a total of 32,829.99. This decline highlights the ongoing volatility faced by the Canadian market amid fluctuating commodity prices and investor sentiment.

In the United States, the Dow Jones Industrial Average showed a different trend, rising by 128.98 points to reach 49,629.91. Similarly, the S&P 500 index increased by 10.40 points, hitting 6,846.57, while the Nasdaq composite edged up by 2.90 points, settling at 22,549.57. This divergence between Canadian and U.S. stock performance illustrates the complexities of the global financial landscape.

On the currency front, the Canadian dollar traded at 73.21 cents against the U.S. dollar, a decrease from 73.45 cents on the previous Friday. This depreciation in the Canadian currency could impact international trade and investment flows within the country.

In terms of commodities, the April crude oil contract faced a downturn, dropping by 65 cents to reach US$62.10 per barrel. The decrease in oil prices could be attributed to various factors, including changes in production levels and a shift in global demand.

Moreover, the April gold contract also saw a significant decline, with a drop of US$138.60, bringing its price to US$4,907.70 an ounce. Such fluctuations in precious metals prices reflect broader economic concerns and market trends, often influenced by factors such as inflation, currency strength, and geopolitical stability.

This trading activity illustrates the stress points in various sectors of the Canadian economy and aligns with trends observed in commodities and currency markets. Investors remain cautious as they navigate the complexities affecting market dynamics.