MU.TO is trading at CA$38.47, down 3.80%, as higher oil prices stoke inflation and borrowing-cost worries amid a broader technology selloff.

  • Brent crude rose after reports of tanker damage in the Strait of Hormuz.
  • Investors questioned the returns on heavy AI-infrastructure spending.
  • Memory shares fell about 4% amid macroeconomic fears and technology-stock deleveraging.