S&P/TSX Composite Index Slightly Higher Mid-Morning as Oil Shares Jump
MT newswire2026/10/08 14:2610:26 AM EDT, 10/08/2026 (MT Newswires) -- The S&P/TSX Composite Index which closed down 1.7%, or 607 points on Wednesday, has recovered slightly and was last seen up 55 points in choppy trade. The energy sector, up 1.9%, was the strongest performer, as oil prices jumped in morning trade, following the escalation of conflict in the Middle East. The financials sector down 0.6% was the weakest performer on last look. In stocks, Richelieu Hardware (RCH.TO) jumped 12% to CA$38.83 after it reported Wednesday after trade that its third-quarter net earnings surged 23.3% to CA$0.53 per share, and beat the consensus analyst estimate of CA$0.47 per share, according to FactSet. Richelieu recorded a tariff refund of CA$3 million during the third quarter, which contributed to a CA$0.04 increase in earnings.
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