TSX climbs 0.6% as TC Energy, MDA Space jump on results

The S&P/TSX composite index was up about 0.6 per cent in morning trading on Thursday, at about 36,543, a gain of roughly 202 points from Wednesday’s close of 36,341.40, as TC Energy Corp. and MDA Space Ltd. rose on third-quarter results. The figures are intraday and were checked at about 10:30 a.m. ET.

Yahoo Finance data showed the index at 36,543.34 at that time, up 201.94 points or 0.56 per cent. TMX Money showed the index at 36,522.67, up 181.27 points, earlier in the session. Intraday figures move constantly and each source updates on a slightly different delay.

Wednesday’s 809-point rally followed the Democratic gains in the U.S. midterm elections.

TC Energy Corp. (TSX:TRP) rose about 3 per cent to about $90.11 after the Calgary-based pipeline company reported third-quarter net income attributable to common shares of $1.03 billion, or 98 cents per share, and raised its 2026 outlook, the Canadian Press reported. MDA Space Ltd. (TSX:MDA) gained about 7.6 per cent to about $39.45 after it raised its full-year revenue guidance. BCE Inc. (TSX:BCE) was up about 1 per cent at $29.79 after reporting a lower third-quarter profit. Bombardier Inc. (TSX:BBD.B) fell about 2.4 per cent to about $333.78 even after it raised its free cash flow outlook. Quebecor Inc. (TSX:QBR.B) was up about 1 per cent at $71.93 after it reported higher third-quarter profit and revenue.

Our reports on the results: TC Energy, BCE, Bombardier and MDA Space.

Quebecor reported net income of $302.6 million, or $1.33 per share, up from $238.7 million a year earlier, on revenue of $1.45 billion, the Canadian Press said.

In the United States, the Dow Jones industrial average was up about 0.4 per cent at about 53,583, while the S&P 500 was down about 0.4 per cent at about 7,658 and the Nasdaq composite was down about 1.1 per cent at about 25,449, Yahoo Finance data showed. The Associated Press reported that AI-related stocks sank around the world even as shares gained broadly after the U.S. election.

West Texas Intermediate crude was trading near US$89.74 a barrel, up about 1.8 per cent, after falling sharply on Wednesday. The Canadian dollar traded at about 71.54 cents US.

Investors are also watching the federal government’s Budget 2026, which Finance Minister François-Philippe Champagne is to table in the House of Commons this afternoon, the Canadian Press reported. Statistics Canada releases its October labour force survey on Friday.

Figures are intraday and delayed, from Yahoo Finance and TMX Money, with company results from the Canadian Press. Sector moves were not confirmed on two sources and are left out.

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