The S&P/TSX Composite Index slipped 0.1% to close at 36,365 on Thursday after rising 0.1% to 36,402 on Wednesday. Higher oil prices, renewed inflation concerns and rising bond yields pressured financial and retail shares, while gold miners extended gains and energy stocks advanced. Crude traded just below $87 a barrel on Friday and was on track for a second consecutive weekly increase of around 5%, supported by expected U.S. measures targeting Iran and disruptions to Russia’s energy sector. Treasury Secretary Scott Bessent said details of measures to isolate Iran’s economy would be announced next Monday after President Donald Trump called the initiative an "economic D-Day." The measures could affect countries trading with Tehran, including China, the largest buyer of Iranian crude, while Beijing rejected economic pressure and called for diplomacy. Ukrainian attacks on Russian refineries and ports have affected fuel production and contributed to shortages in some regions. Canadian producer prices rose 12.4% year-on-year in July, while the United States and Canada were reported to be nearing a trade agreement after Trump paused 50% tariffs on select Canadian goods; reports indicated metals would remain tariffed.