S&P/TSX Composite Index Higher as Information Technology Shares Advance

MT newswire2026/10/21 14:20

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10:20 AM EDT, 10/21/2026 (MT Newswires) -- The S&P/TSX Composite Index extended Tuesday's gains and was higher Wednesday morning with the information technology sector the strongest performer. Technology shares were 0.9% higher, closely followed by the financials sector, which was 0.7% higher. Shares in the telecommunications sector dropped 1.2%, making it the weakest performer on last look. Prime Minister Mark Carney will meet with Ontario Premier Doug Ford on Wednesday and the two are expected to unveil new supports for the steel and auto sectors hit by US tariffs. Carney's itinerary says he will make an announcement with Ford at 2.00 pm ET. In political news, Alberta Premier Danielle Smith has vowed that there will not be another separation referendum in the province, but will push for more autonomy. Results from the Monday referendum vote showed that three-quarters of Albertans voted to stay within Canada.

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The newly elected governor of Texas, Hinojosa, publicly stated that she despises the way data centers "take advantage of Texans" and that any measures must be paused before the introduction of new data centers. She also expressed willingness to collaborate with tech giants such as Elon Musk but emphasized that "it must be on our terms." Goldman Sachs previously warned that the current "blue wave" could result in a suspension order affecting the expansion capacity of approximately 45% of data centers across the United States, with Texas accounting for about 25%. Other states are also rushing to follow Texas' lead.

华尔街见闻•2026/11/06 00:27