The S&P/TSX composite index closed up 241.27 points, or 0.67 per cent, at 36,411.72 on Wednesday, according to TMX Money, as energy producers, the big banks and Shopify gained and gold miners fell. Yahoo Finance showed the same close, and U.S. markets rebounded sharply.
The gain followed Tuesday’s 275.81-point drop to 36,170.45, which came after a hotter-than-expected U.S. inflation reading and a sell-off in Nvidia shares. Our Wednesday preview has the background, and our morning market story had the index up 0.3 per cent in early trading. It follows Monday’s 657-point rally.
Energy stocks led the large caps on Yahoo Finance quote data. Cenovus Energy Inc. (TSX:CVE) rose 3.0 per cent to C$40.51, Suncor Energy Inc. (TSX:SU) gained 2.2 per cent to C$98.21, Canadian Natural Resources Ltd. (TSX:CNQ) added 1.9 per cent to C$69.69 and TC Energy Corp. (TSX:TRP) rose 1.8 per cent to C$91.58. Yahoo Finance showed U.S. benchmark crude futures at US$86.37 a barrel, up 0.4 per cent.
The big banks were higher, with Bank of Nova Scotia (TSX:BNS) up 1.1 per cent at C$132.84, Canadian Imperial Bank of Commerce (TSX:CM) up 1.1 per cent at C$166.02, Bank of Montreal (TSX:BMO) up 1.0 per cent at C$247.75, Royal Bank of Canada (TSX:RY) up 0.9 per cent at C$290.00 and Toronto-Dominion Bank (TSX:TD) up 0.7 per cent at C$177.06. Shopify Inc. (TSX:SHOP) gained 2.1 per cent to C$212.57.
Gold miners moved the other way as gold futures fell 0.9 per cent to US$3,994.60 an ounce, according to Yahoo Finance. Franco-Nevada Corp. (TSX:FNV) dropped 2.4 per cent to C$354.26, Agnico Eagle Mines Ltd. (TSX:AEM) fell 2.0 per cent to C$265.03 and Barrick Mining Corp. (TSX:ABX) slipped 1.3 per cent to C$55.67.
On Wall Street, Yahoo Finance showed the Dow Jones industrial average up 0.5 per cent at 52,484.82, the S&P 500 up 1.3 per cent at 7,619.34 and the Nasdaq composite up 1.6 per cent at 25,466.19. Nvidia rose 2.9 per cent to US$173.73 after falling 5.5 per cent Tuesday, according to the Associated Press. The Canadian dollar traded at about 70.19 cents US.
| Market close at a glance | Level | Change |
|---|---|---|
| S&P/TSX composite | 36,411.72 | +241.27 (+0.67%) |
| Dow Jones industrial average | 52,484.82 | +0.5% |
| S&P 500 | 7,619.34 | +1.3% |
| Nasdaq composite | 25,466.19 | +1.6% |
| WTI crude futures (US$/barrel) | 86.37 | +0.4% |
| Gold futures (US$/ounce) | 3,994.60 | -0.9% |
| Canadian dollar (US cents) | 70.19 | n/a |
Trading volume on the composite was 205.1 million shares, according to TMX Money. Power Corporation of Canada (TSX:POW), up 1.4 per cent at C$95.87 on the day, and Franco-Nevada were scheduled to report third-quarter results after the close. The next major economic release is the consumer price index for October on Nov. 16.
Index closing figures are from TMX Money and Yahoo Finance on Wednesday, Nov. 11, 2026, and the two sources matched. Stock moves and the Wall Street, oil, gold and currency figures are from Yahoo Finance quote data at the 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.
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