Archive · 6 Oct 2026
TSX Ends Slightly Higher as Technology Shares Rally
Canada’s main stock market finished Monday just a little higher.
Technology companies helped lift the market, and Shopify shares rose sharply.
Energy and financial company shares moved lower.
Cenovus announced a large deal to buy Athabasca Oil, while Suncor agreed to sell some offshore assets.
Oil prices also fell.
An investor quoted in the report said people putting sidelined cash into the market may be helping keep stocks up, despite worries about bond markets.
The S&P/TSX Composite Index rose 15.9 points, or 0.04%, to 35,518.55.
Technology shares gained 1.4%, led by Shopify, which climbed 5.7%.
Cenovus agreed to buy Athabasca Oil in a C$5.7 billion cash-and-stock deal; Cenovus fell 3% and Athabasca rose 13.5%.
Suncor fell 1.2% after agreeing to sell three offshore asset interests to Ithaca Energy for C$1.2 billion upfront.
Energy stocks lost 0.4% and financials fell 0.5%, while U.S. crude futures dropped 1.8% to $89.43 a barrel.
- Who
- Canadian stock investors and companies including Cenovus Energy, Athabasca Oil, Suncor Energy, and Shopify.
- What
- The S&P/TSX Composite Index ended slightly higher as technology gains offset declines in energy and financial shares.
- When
- Monday, October 5; the article does not specify the year.
- Where
- Toronto, Canada.
- Why
- Technology shares rose, offsetting losses in energy and financials, while investors weighed oil-sector deals and bond-market pressures.
Market-supporting view
Market-risk view
What is supporting equities?
Market-supporting view
Investor Greg Taylor said cash on the sidelines is being put to work, with investors buying dips and helping keep markets afloat.
Market-risk view
The article notes that bond-market selloffs and borrowing costs near multiyear highs would normally signal risk-off conditions for equities.
- S&P/TSX Composite close
- 35,518.55, up 15.9 points or 0.04%
- Technology sector
- Up 1.4%
- Shopify shares
- Up 5.7%
- Cenovus–Athabasca deal
- C$5.7 billion cash-and-stock acquisition
- Suncor asset sale
- Three offshore asset interests to Ithaca Energy for C$1.2 billion in upfront cash
- U.S. crude futures
- Settled down 1.8% at $89.43 a barrel
- Sector moves
- Energy fell 0.4%; financials fell 0.5%