S&P/ TSX Composite rises 0.53 percent at midday on trade surplus
Published on 10/06/2026 at 18:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
The S&P/TSX Composite rose 0.53 percent to 35,705.68 points in late-morning trading on October 6, 2026, as a stronger Canadian trade surplus and softer global bond yields supported utilities and financials. BNN Bloomberg reported a gain of 187.13 points from Monday's close.
Trade data supports the advance
Canada's merchandise trade surplus widened to C$4.2 billion in August from C$787 million in July. Exports increased 2.5 percent while imports fell 2.0 percent, according to Baystreet.ca. Exports to the United States increased 8.1 percent, with shipments rising ahead of new U.S. tariffs.
The domestic data provided a stronger impulse than the latest Ivey PMI, which fell to 58.2 in September from 64.3 in August. The seasonally adjusted reading missed the 65.2 forecast, while the prices index rose to 82.8 from 80.4, Reuters reported.
Utilities and financials lead
Utilities and financials were among the strongest sectors in late-morning trading. Lower oil prices limited gains in energy shares, while gold and materials also weakened. Emera announced a C$14.3 billion all-stock acquisition of Canadian Utilities, and ATCO rose after announcing plans to spin off a standalone industrial services company, according to Baystreet.ca.
Market environment
Oil fell to USD 87.90 a barrel in the November contract, while gold rose to USD 4,188.00 an ounce. The U.S. 10-year Treasury yield eased to 5.29 percent from 5.31 percent, helping equity sentiment. Earlier, S&P/TSX futures had gained 0.42 percent as lower oil prices and softer bond yields improved risk appetite, according to Reuters via Kitco.
The S&P/TSX Composite's next regular session is scheduled for Wednesday, October 7, 2026.
