TSX Closer: Index Gains as Utilities, Telecom Advance; Trade Surplus Widens
MT newswire2026/10/06 20:2104:21 PM EDT, 10/06/2026 (MT Newswires) -- The S&P/TSX Composite Index closed higher on Tuesday, rising for a third-straight session as gains in utilities, telecom and technology outweighed losses in industrials and energy, while investors assessed fresh trade and purchasing managers data. The index closed up 130.96 points, or 0.4%, to 35,649.51 with mixed sectors. Utilities led advancers, up 1.3%, followed by telecom and information technology that closed up 1.1% and 0.5%, respectively. Shares in industrials and energy closed down 0.7% and 0.6%, respectively. The Battery Metals Index, which includes companies listed both on the TSX and TSX Venture Exchange, jumped 0.4%. In commodities, West Texas Intermediate (WTI) and Brent crude edged up on Tuesday as ongoing regional tensions and risks to energy infrastructure kept prices supported while Middle East exports and planned G7 emergency stock releases eased some supply concerns. November WTI crude oil contract settled up $0.01 at $89.44 per barrel, while December Brent oil was last seen up $0.61, or 0.6%, at $100.93 per barrel. December Comex gold futures jumped 1.0%, or $40.50, to $4,197.30 per ounce at last look. In currencies, the US dollar edged lower 0.3% against the Canadian dollar, with USD/CAD at 1.4211 at last look. In economics news, Canada's international merchandise trade surplus widened to CA$4.2 billion in August from CA$787 million in July as exports rose 2.5% monthly, while imports fell 2.0%, Statistics Canada reported Tuesday. Exports to the US rose 8.1% monthly, while imports fell 2.5%, widening Canada's trade surplus with the US to CA$11.2 billion from CA$6.1 billion in July. The CA$5.1 billion increase marked the largest monthly improvement on record, as new US tariffs on Canadian goods took effect at the end of August, potentially prompting importers to front-load shipments, added StatsCan. Also on Tuesday, the Canadian Ivey Purchasing Managers Index (PMI) for September, which measures economic activity, came in at a seasonally-adjusted 58.2 c
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