Canadian S&P/TSX 60 fell 16 points (0.8%) and the composite dropped 367 points (1.1%) by early afternoon.
Decline stemmed from uncertainty over a US‑Iran peace deal as a two‑week ceasefire nears expiry and a cargo ship seizure escalates tensions.
Gold slipped as the dollar rose 0.2% and oil stayed above pre‑war levels, while Fed nominee Kevin Warsh’s confirmation hearing loomed.
Apple announced a leadership reshuffle, moving Tim Cook to executive chairman and appointing John Ternus as the new chief executive officer.