S&P/ TSX Composite rises 1.7% in mid-session trading
Published on 11/04/2026 at 18:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX rises on election and metals optimism
- The S&P/TSX Composite was reported at 36,137.33 points at 17:34 Berlin time on Wednesday, up 1.7% from the previous close.
- Materials and financial stocks led the advance after Democrats took control of both chambers of the US Congress, while falling oil prices weighed on energy shares.
- Canada's employment report due Friday remains a key near-term test for the market.
The S&P/TSX Composite was trading sharply higher in Wednesday's Toronto session. At 17:34 Berlin time, finanzen.ch reported the index at 36,137.33 points, up 605.05 points, or 1.7%, from Tuesday's close. This was an intraday level, not a closing value.
Election result lifts risk appetite
The advance followed the US midterm elections, in which Democrats secured control of both chambers of Congress. Reuters reported that investors viewed the result as potentially reducing uncertainty around Canada-US trade relations. The report cited Greg Taylor of PenderFund Capital Management, who said the election outcome could encourage Washington to ease its position on tariffs.
Materials lead while energy weakens
Materials were the strongest part of the index, supported by higher gold prices after the election result. Reuters reported a 5% gain for the materials sector, while financials rose 1.9% and consumer discretionary stocks gained 3.1%. Energy was the main drag, falling about 4% as Brent crude moved below 100 US dollars per barrel.
The sector pattern matters for the index because financials, energy and materials represent substantial parts of the S&P/TSX Composite. The index provider S&P Dow Jones Indices recorded a price-return close of 35,532.28 points for November 3, down 0.75%. The reported intraday level therefore represented a gain of 605.05 points, or 1.70%, against that completed session.
Employment data next in focus
Investors are also looking ahead to Canada's employment report due Friday. Reuters said economists surveyed by the agency expected 13,600 jobs to have been added in the latest month, with the unemployment rate unchanged at 6.5%. Those expectations are not a market outcome and could still change the interpretation of interest-rate and growth prospects when the data are released.
Further updates on the S&P/TSX Composite are available in the index coverage.
