S&P/TSX futures were up 0.2 per cent Monday morning as a drop in oil prices of about four per cent eased inflation worries, Trading Economics reported. The S&P/TSX composite index closed Friday at 35,620.03, down 629.00 points, or 1.735 per cent, TMX Money data showed.
Friday’s drop was the index’s sharpest single-day decline in nearly six months, according to Trading Economics, and was led by technology and mining stocks. TMX Money said the index is up 12.321 per cent so far this year. Our Friday midday report has the early detail on the tech selloff.
Trading Economics said oil fell after Iranian and Qatari officials held a third straight day of talks aimed at ending the U.S.-Israeli war on Iran. As of about 7 a.m. ET, Yahoo Finance data showed West Texas Intermediate crude at US$99.82 a barrel. The same data showed gold near US$3,914 an ounce, and Trading Economics said gold had rebounded from one-year lows after comments from Federal Reserve officials pointing to the possibility of further rate hikes to fight inflation.
On Friday, Wall Street’s main indexes closed sharply lower, Yahoo Finance data showed. The S&P 500 finished at 7,580.07, the Dow Jones Industrial Average at 51,770.31 and the Nasdaq composite at 25,436.998. The Canadian dollar traded at about 71.6 U.S. cents Monday morning, Yahoo Finance data showed.
On the corporate calendar, Toromont Industries Ltd. (TSX:TIH) and Topaz Energy Corp. (TSX:TPZ) are due to report earnings, Trading Economics said. Investors are also looking ahead to Tuesday’s U.S. midterm elections and what they could mean for fiscal policy. Trading Economics said U.S. President Donald Trump has said his administration established a framework for a new trade deal with Canada, while Prime Minister Mark Carney described the discussions as constructive.
For context on market hours, see our guide to TSX holidays in 2026. The market opens at 9:30 a.m. ET.
| Market at a glance | Level | Change | As of |
|---|---|---|---|
| S&P/TSX composite (close) | 35,620.03 | -629.00 (-1.735%) | Oct. 30, 4 p.m. ET |
| S&P/TSX futures | n/a | about +0.2% | Nov. 2, morning |
| S&P 500 (close) | 7,580.07 | n/a | Oct. 30 close |
| Dow (close) | 51,770.31 | n/a | Oct. 30 close |
| Nasdaq (close) | 25,436.998 | n/a | Oct. 30 close |
| WTI crude | US$99.82 | about -4% | Nov. 2, about 7 a.m. ET |
| Gold | US$3,914 | n/a | Nov. 2, about 7 a.m. ET |
| Canadian dollar | about 71.6 US cents | n/a | Nov. 2, about 7 a.m. ET |
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This article is for information only and is not investment advice. Speak to a licensed adviser before making investment decisions.
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