TSX today: what to watch on Tuesday, Nov. 3

The S&P/TSX composite index starts Tuesday at 35,801.09 after Monday’s 181-point gain, but U.S. stock futures slipped and oil climbed as investors awaited the outcome of the U.S. midterm elections. Shopify and TransAlta have already reported third-quarter results, and Thomson Reuters is due later today.

The Associated Press reported that futures for the S&P 500 were down 0.3 per cent and those for the Dow Jones Industrial Average were down 0.6 per cent in early European trading. In Europe, Germany’s DAX fell 0.9 per cent, Paris’s CAC 40 lost 0.4 per cent and Britain’s FTSE 100 slipped 0.3 per cent. South Korea’s Kospi dropped 4 per cent as chip stocks gave up Monday’s gains.

Brent crude climbed 1.7 per cent to US$106.58 a barrel and U.S. benchmark crude rose 1.5 per cent to US$97.88, the AP said. Delayed Yahoo Finance quotes showed U.S. crude near US$97.60 early Tuesday. Oil has swung between roughly US$70 and US$120 a barrel since the war with Iran began, the AP reported.

On Monday, according to the AP, the S&P 500 fell 0.5 per cent to 7,541.40 and the Nasdaq composite lost 1.1 per cent to 25,164.32, while the Dow rose 213.67 points to 51,983.98. The AP said technology and artificial-intelligence stocks again led the weakness, a theme that also drove Friday’s 571-point drop on the TSX.

The TSX gave back most of an early rally on Monday, as we reported, closing at 35,801.09 according to TMX Money and Yahoo Finance. TMX shows the index up 12.892 per cent so far this year.

Shopify Inc. (TSX:SHOP) reported this morning that third-quarter revenue grew 32 per cent and that it facilitated US$119 billion in gross merchandise volume. Our full story has the numbers.

TransAlta Corp. (TSX:TA) reported a third-quarter profit of $63 million, compared with a loss of $62 million a year earlier, on revenue of $536 million, down from $615 million, according to The Canadian Press. The company reaffirmed its 2026 guidance. Thomson Reuters Corp. (TSX:TRI) said it will issue its third-quarter results by news release on Tuesday.

Deals also drew attention. Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) agreed to buy the roughly 35 per cent of Tidewater Renewables Ltd. (TSX:LCFS) it does not own, offering 0.88 of its shares for each Tidewater Renewables share, in a transaction valued at about $261 million, The Canadian Press reported. Separately, Blackstone and four Canadian pension investors signed a US$3.1-billion deal for a 49.9 per cent stake in the Mitsubishi unit that holds an interest in LNG Canada.

RioCan Real Estate Investment Trust (TSX:REI.UN) reported third-quarter net income of $122.6 million, compared with a loss of $120.3 million a year earlier, with record retail occupancy of 98.9 per cent, The Canadian Press reported Monday.

Figures are from TMX Money, The Associated Press, The Canadian Press and company releases as of about 8:45 a.m. ET on Nov. 3, 2026. Futures and oil prices move continuously.

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