TSX climbs 317 points as gold miners, banks lead

The S&P/TSX composite index was up 316.88 points, or 0.89 per cent, at 35,936.91 as of 10:18 a.m. ET Monday, according to TMX Money, as gold miners and banks gained while energy producers fell with oil prices. Yahoo Finance data showed the index at 35,922.65, up 0.85 per cent, at 10:13 a.m. ET. All figures are intraday.

The index closed Friday at 35,620.03, down 629.00 points, its steepest one-day drop in nearly six months, TMX Money data and Trading Economics showed. TMX Money said the benchmark is up 12.321 per cent so far this year.

Trading Economics said oil prices fell about four per cent after Iranian and Qatari officials held a third straight day of talks aimed at ending the U.S.-Israeli war on Iran. Trading Economics said the slide eased inflation worries, while gold recovered from one-year lows after Federal Reserve officials suggested further rate hikes could be needed.

Among the biggest large-cap moves, Trading Economics quotes showed Agnico Eagle Mines Ltd. (TSX:AEM) up C$6.97 to C$237.76, or about three per cent. Royal Bank of Canada (TSX:RY) rose C$1.60 to C$285.53, and Bank of Montreal (TSX:BMO) gained C$2.51 to C$241.73. Toronto-Dominion Bank (TSX:TD) added C$1.05 to C$175.09.

On the other side, Suncor Energy Inc. (TSX:SU) fell C$2.71 to C$108.40, or about 2.4 per cent, and Canadian Natural Resources Ltd. (TSX:CNQ) dropped C$2.20 to C$76.22, or about 2.8 per cent, Trading Economics data showed.

Investors are also watching Tuesday’s U.S. midterm elections. 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. Toromont Industries Ltd. (TSX:TIH) and Topaz Energy Corp. (TSX:TPZ) are due to report earnings after the close.

Our pre-market report has the morning set-up, and our Friday midday story covers the selloff in technology shares. For trading hours, see our guide to TSX holidays in 2026.

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