TSX climbs 0.9% as banks, gold miners lead

The S&P/TSX composite index was up 332.11 points, or 0.93 per cent, at 36,121.20 in morning trading Monday, according to TMX Money, as banks and gold miners gained while energy stocks fell with oil. Trading Economics put the index at 36,147, up 1.00 per cent, and said lower oil prices eased inflation worries.

The index closed Friday at 35,789.09, according to TMX Money. Our report on Friday’s close has that day’s movers, and our Monday preview lays out the day’s agenda.

Trading Economics said crude fell on hopes for U.S.-Iran diplomatic efforts, which eased inflation concerns and left Canadian yields edging lower. It said credit-sensitive sectors such as banks, which have been pressured by inflation and higher interest rates, enjoyed some respite, and that rising gold prices supported miners.

On the Trading Economics quote board, Royal Bank of Canada (TSX:RY), Toronto-Dominion Bank (TSX:TD), Bank of Montreal (TSX:BMO), Bank of Nova Scotia (TSX:BNS) and CIBC (TSX:CM) were all higher, as was gold miner Agnico Eagle Mines Ltd. (TSX:AEM). Suncor Energy Inc. (TSX:SU), Canadian Natural Resources Ltd. (TSX:CNQ) and Shopify Inc. (TSX:SHOP) were lower.

Company news also shaped trading. Barrick Mining Corp. (TSX:ABX) reported higher third-quarter profit, as covered in our Barrick earnings story, and Strathcona Resources said Sunday it will buy Greenfire Resources in a deal worth up to C$2.9 billion including debt, detailed in our Strathcona report. Franco-Nevada Corp. (TSX:FNV) and Power Corporation of Canada (TSX:POW) are due to report Wednesday, according to Trading Economics.

These figures are intraday and will change through the session. Index readings are from TMX Money and Trading Economics on Monday, Nov. 9, 2026, and the two sources differed by about 0.07 per cent.

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