PLTE.TO is trading at CA$19.25 (-3.56%) as the U.S. 10-year Treasury yield reached approximately 4.80%, raising valuation pressure on growth equities.

  • Middle East tensions and higher oil prices have renewed inflation concerns and strengthened the higher-for-longer interest-rate narrative, weighing on risk appetite.
  • The weak ADP report showed only 38,000 August private-sector jobs, below the roughly 47,000 forecast, but has not offset broader rate and geopolitical pressure.