TSX Closer: The Index Closes Higher as Base Metals, Financial Stocks Gain

04:19 PM EDT, 10/26/2026 (MT Newswires) -- The S&P/TSX Composite Index edged up on Monday, supported by gains in base metals, financial and industrial stocks, while investors assessed fresh domestic economic data and the country's fiscal outlook ahead of next week's federal budget. The index closed up 155.98 points, or 0.4%, to 35,944.16, with mixed sectors. Base metals led the advancers, climbing 1.3%, followed by financials and industrial, which jumped 0.8% and 0.5%, respectively. Shares in information technology and healthcare dropped 1.0% and 0.4%, respectively. The Battery Metals Index, which includes companies listed both on the TSX and TSX Venture Exchange, dropped 0.5%. In commodities, West Texas Intermediate (WTI) and Brent crude prices were down on Monday as hopes of easing tensions between the US and Iran weighed on oil markets, while continued Houthi attacks on Saudi Arabia heightened concerns about potential supply disruptions. December WTI crude oil contract settled down $1.51, or 1.5%, to $101.76 per barrel, while December Brent oil was last seen down $0.98, or 0.8%, to $115.74 per barrel. Whereas December Comex gold futures jumped 0.5%, or $18.20, to $4,026.10 per ounce at last look. In currencies, the US dollar edged higher 0.1% against the Canadian dollar, with USD/CAD to 1.4021 at last look. In economics news, Statistics Canada on Monday said its preliminary estimate shows wholesale trade, excluding petroleum, related products, oilseeds and grains, rose 0.5% on the month in September. Higher sales in the machinery, equipment and supplies sector, alongside gains in motor vehicles and related parts and accessories, drove the increase, added StatsCan. Meanwhile, Canada's fiscal flexibility is shrinking ahead of next week's Budget 2026, as the federal government plans more than CA$50 billion in additional spending over the next decade, while tax cuts and deductions could total about CA$90 billion, according to Desjardins Economic Studies in a Monday note. Canada's government is slated to present the budget on Nov. 5.