Markets stabilize amid war

Melisa R. H. Posted On March 4, 2026

After yesterday’s sharp sell-off, Toronto and New York posted moderate gains as the VIX settled down. The TSX advanced 0.47%, the S&P 0.75%, the Nasdaq 1.29% and the Dow 0.49%. As PDAC winds down today, silver increased 1.55% to US$83.20 and gold rose US$48 to US$5,137.

In Toronto, seven sectors rose, but tech did most of the heavy lifting, while staples lagged the most. Key names: Baytex 2.84%, SSR Mining 14.65%, Shopify 6.05%, MDA Space 5.87% and George Weston -3.91%. Likewise, tech led gains on Wall Street after Intel added 5.75%, Coinbase 14.57% and AppLovin 10.01%. Elsewhere, Moderna popped 15.99% and Brown-Forman slid 6.65%. WTI increased 1.5% to US$5,137, even though oil tankers are stranded in the war zone for the fifth straight day. Lastly, the U.S. 10-year yield edged up to nearly 4.1%.

🛢 Baytex Energy Corp (BTE-T) +2.84%

⛏ SSR Mining (SSRM-T) +14.65%

🛍 Shopify Inc. (SHOP-T) +6.05%

🧬 MDA Space Ltd. (MDA-T) +5.87%

🛍 George Weston Ltd. (WN-T) -3.91%

💾 Intel (INTC-Q) +5.75%

🏛 Coinbase Global (COIN-Q) +15.57%

💾 AppLovin Corporation (APP-Q) +10.01%

💉 Moderna (MRNA-Q) +15.99%

🍻 Brown-Forman (BF.B-N) -6.65%