TSX closes up 156 points as financial stocks gain

The S&P/TSX composite index closed up 155.98 points, or 0.44 per cent, at 35,944.16 on Monday, Oct. 26, helped by gains in financial stocks, as the Dow Jones Industrial Average, S&P 500 and Nasdaq also finished higher and oil prices fell.

The Canadian Press reported that Canada’s main stock index was lifted by financials, while U.S. markets also gained. The close, from TMX Money and Yahoo Finance, was recorded at 4 p.m. ET and follows a 185-point loss on Friday, when the index finished at 35,788.18. The index traded between 35,827.94 and 36,076.75 during the session, according to Yahoo Finance, on volume of about 236.4 million shares.

Oil retreated after rising last week to its highest level in more than four years, The Associated Press reported. West Texas Intermediate crude for December delivery was quoted at US$101.02 a barrel in Yahoo Finance data, down about 2.2 per cent from Friday’s US$103.27 settlement. Gold futures were quoted at US$4,025.80 an ounce, up about 0.4 per cent from US$4,007.90 on Friday. The Canadian dollar traded at about 71.3 cents US.

Investors are looking ahead to the Bank of Canada’s interest rate decision on Wednesday. Financial market odds of a quarter-point hike stood at nearly 78 per cent as of Friday afternoon, according to LSEG Data & Analytics, The Canadian Press reported. The central bank has held its policy rate at 2.25 per cent for seven consecutive meetings. Our Money Week Canada guide has the dates that matter this week, and our Monday morning preview set out the week’s earnings calendar.

After the close, Celestica Inc. (TSX:CLS) reported third-quarter results and raised its 2026 outlook, which we cover in a separate story. The stock fell 12 per cent on Oct. 22, as we reported at the time. Precision Drilling Corp. (TSX:PD) reports on Tuesday, followed on Wednesday by Agnico Eagle Mines Ltd. (TSX:AEM) and Canadian Pacific Kansas City Ltd. (TSX:CP), The Canadian Press reported.

The market close at a glance:

Sources: TMX Money and Yahoo Finance for the TSX; Yahoo Finance for U.S. indexes, oil, gold and the loonie. Oil, gold and currency quotes are delayed and were taken after the stock close.

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This article is for information only and is not investment advice. Speak to a licensed adviser before making investment decisions.