On June 24, the TSX index closed down 0.6% at 34,736.09, its lowest level since June 11. WTI crude settled 3.9% lower at $70.34 a barrel as more previously stranded tankers moved through the Strait of Hormuz, easing supply concerns. Gold fell 2.6% and copper slid 3.4% as a stronger U.S. dollar and rising expectations of Federal Reserve rate hikes weighed on commodities. The energy and materials sectors dropped 3.2% and 3.7%, respectively, dragging the broader market.