TSX Slides 0.2% Amid US-Iran Peace Hopes

Canadian S&P/TSX 60 fell 4 points (0.2%) and composite slipped 0.1% on April 16, 2026, as peace‑talk optimism weighed on energy stocks.
Financial stocks rose 0.9% while oil prices fell below $100/barrel, reflecting reduced inflation concerns from potential US‑Iran ceasefire.
US markets rallied (S&P 500 +0.4%, Nasdaq +0.5%, Dow +0.2%) after hitting record highs, bolstering investor sentiment.
PepsiCo posted better‑than‑expected Q1 results; CFO Steve Schmitt warned of heightened macro volatility amid ongoing geopolitical tensions.