TSX Closer: Index Edges Higher as Energy Shares Jump
MT newswire2026/10/08 20:2404:24 PM EDT, 10/08/2026 (MT Newswires) -- The S&P/TSX Composite Index nudged higher on Thursday as energy stocks surged with oil prices that rallied on renewed supply concerns, offsetting weakness in base metal and healthcare sectors. The index closed up 103.52 points, or 0.3%, at 35,145.38. Energy led advancers, up 2.8%, followed by telecom and industrials that closed up 0.6% and 0.2%, respectively. Shares in healthcare and base metals closed down 1.6% and 1.3%, respectively. In commodities, West Texas Intermediate (WTI) and Brent crude jumped as escalating Middle East tensions and rising attacks on ships through the Strait of Hormuz renewed concerns about supply disruptions. Prices also drew support from production shutdowns in the US Gulf of Mexico ahead of Hurricane Isaias, although gains eased after US President Donald Trump said Washington would not attack Iran before the November midterm elections. November WTI crude oil contract settled up $3.21, or 3.6%, at $91.49 per barrel, while December Brent oil was last seen up $3.77, or 3.8%, at $103.97 per barrel. December Comex gold futures jumped 0.3%, or $13.30, to $4,154.00 per ounce at last look. In currencies, the US dollar edged down 0.3% against the Canadian dollar to 1.4220 at last look. In real estate, Canada's average asking price for rent across all property types fell 4.2% annually to CA$2,034 in September, marking the 24th straight month of yearly declines, according to Rentals.ca and Urbanation. In other economic news, National Bank said Canada's planned investment boom could be constrained by a shortage of construction workers. An additional CA$670 billion of investment by 2030 could lift construction GDP about 20% above the baseline, but supporting that growth would require construction employment to rise 51% over the next four years. National Bank said the labor shortage could increase pressure on immigration policy to prioritize workers with construction and other in-demand skills. In stocks, Hydro One (H.TO) closed up CA$0.06 at CA$50.89 on a
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canadian used car dealer UC Automotive (UCAU.RC.US) files for IPO in the US: aims to raise 29 million USD and list on Nasdaq
Canadian used car dealer UC Automotive has applied for a Nasdaq IPO, aiming to raise up to $29 million, with its main focus on the Greater Vancouver market. Kingswood is the sole underwriter.
Swiss Franc weakens as Fed hawkish outlook lifts USD/CHF
Crypto prices
More
