Business · Markets · 2 hrs ago
Canadian stocks rise as industrial and mining shares gain
Canada's S&P/TSX Composite rose 0.5% on Monday, closing at 35,801.09 after a steep fall on Friday.
Industrial and materials shares led the gains, with mining stocks among the stronger performers.
Oil prices fell sharply, helping ease worries about inflation and supporting investor sentiment.
Gold prices also rebounded, while Canada's energy sector fell.
The U.S. market was mixed: the Dow rose, but the S&P 500 and Nasdaq fell.
Canada's manufacturing sector contracted in October for the first time this year, with tariffs and geopolitical uncertainty weighing on activity.
The market update did not say what would happen next.
Canada’s S&P/TSX Composite Index rose 181.06 points, or 0.5%, to 35,801.09 on Monday.
Industrials and materials shares led broad gains as oil prices fell sharply.
The materials sector gained 2.3%, while industrials rose 2.5%.
Energy shares fell 4.8%, making the sector one of only two major groups to end lower.
U.S. markets had mixed results, with the Dow up and the S&P 500 and Nasdaq down.
- Who
- Canadian stock investors and companies on the S&P/TSX Composite Index.
- What
- The index gained 181.06 points, or 0.5%, as industrial and mining shares advanced.
- When
- Monday, November 2, 2026.
- Where
- Toronto, Canada.
- Why
- A sharp drop in oil prices boosted investor sentiment, while industrial and metal mining shares led gains.
This story does not have two clearly opposing sides.
The S&P/TSX Composite Index recorded a steep decline.
The materials group fell 13.1% for the month.
The index rose 181.06 points, or 0.5%, to close at 35,801.09.
U.S. crude oil futures settled 7.4% lower at $96.46 a barrel.
- S&P/TSX close
- 35,801.09
- Index gain
- 181.06 points, or 0.5%
- Industrials
- Up 2.5%
- Materials
- Up 2.3%
- Energy
- Down 4.8%
- Crude oil
- $96.46 a barrel, down 7.4%
2 sources
What people are saying
It's more repositioning for the new month, along with support from oil and developments in the Middle East.