The S&P/TSX composite index closed up 657.17 points, or 1.84 per cent, at 36,446.26 on Monday as banks and gold miners rallied while lower oil prices eased inflation worries, according to TMX Money and Trading Economics. The index had closed Friday at 35,789.09.
The gain was larger than the 0.9 per cent advance we reported in morning trading, and it follows Friday’s 184-point rebound from the AI sell-off. The index traded between 36,038.46 and 36,575.63 during the session, TMX Money showed.
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, with Royal Bank of Canada (TSX:RY) up about 1.5 per cent and Toronto-Dominion Bank (TSX:TD), Bank of Montreal (TSX:BMO), Bank of Nova Scotia (TSX:BNS) and CIBC (TSX:CM) each up nearly two per cent. Gold prices rose, supporting miners.
Barrick Mining Corp. (TSX:ABX) rose 4.48 per cent to C$59.76 on TMX Money after the company reported higher third-quarter profit, as covered in our Barrick earnings story. Trading Economics put the gain at 4.5 per cent.
Greenfire Resources Ltd. (TSX:GFR) jumped 37.96 per cent to C$10.94 on TMX Money, a gain of C$3.01, after Strathcona Resources Ltd. said Sunday it will buy the company in a deal worth up to C$2.9 billion including debt, as detailed in our Strathcona report. Trading Economics reported the Greenfire gain at about 38 per cent.
Franco-Nevada Corp. (TSX:FNV) and Power Corporation of Canada (TSX:POW) are scheduled to report third-quarter results Wednesday, according to Trading Economics.
| Market close at a glance (Nov. 9, 2026) | Level | Change |
|---|---|---|
| S&P/TSX composite (4 p.m. ET) | 36,446.26 | +657.17 (+1.84%) |
| Barrick Mining (TSX:ABX) | C$59.76 | +C$2.56 (+4.48%) |
| Greenfire Resources (TSX:GFR) | C$10.94 | +C$3.01 (+37.96%) |
The TSX close and company moves are from TMX Money and Trading Economics, checked after the 4 p.m. ET close on Nov. 9, 2026. U.S. index, oil, gold and currency closes 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.
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