TSX Today: Key Stocks and Market Trends to Watch on March 9

Canadian stocks could open the week on a volatile note as global geopolitical tensions and rising bond yields weigh on investor sentiment. The benchmark TSX index ended the previous session sharply lower, falling about 1.6% to around 33,084, while commodity markets showed strong moves that could influence trading activity.

A major driver of market attention is the sudden surge in oil prices. West Texas Intermediate crude jumped nearly 16%, largely due to escalating conflict involving the United States, Israel, and Iran. Rising oil prices often boost Canadian energy stocks, so traders will likely keep a close eye on companies in the energy sector at the market open.

Another factor adding pressure to equities is the rise in U.S. Treasury yields. Higher yields typically reduce the attractiveness of equities compared with fixed-income investments, which can trigger selling pressure across global markets. As a result, investors may remain cautious at the start of the trading week.

Commodity-linked stocks could be among the most active on the TSX. Energy producers may benefit from the jump in crude prices, while resource companies tied to metals could also see increased interest if commodity demand remains strong.

Investors are also expected to monitor broader economic signals that could influence market direction this week. Developments related to global conflicts, central bank policy expectations, and commodity price movements will likely play a key role in shaping sentiment.

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Despite the recent pullback, the Canadian market continues to show resilience thanks to its heavy exposure to resource and financial companies. However, the near-term outlook may remain uncertain as geopolitical tensions and interest-rate concerns continue to influence investor behavior.

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For now, traders will focus on commodity price trends and global developments to gauge whether the TSX can stabilize or if volatility will persist in the days ahead.