S&P/ TSX Composite closes 0.4 percent higher after BC vote
Published on 10/26/2026 at 22:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRates and resource shares
- The index closed at 35,944 points on October 26, up 156 points or 0.4 percent.
- British Columbia's election result supported oil and gas prospects after a 0.4 percent energy-sector gain.
- Hammond Power Solutions led the gainers with a 5.8 percent advance.
- The FOMC meeting begins on October 27, 2026, ahead of the Bank of Canada's October 28 decision.
The S&P/TSX Composite closed at 35,944 points on October 26, up 156 points or 0.4 percent. The index rebounded as financial and resource shares gained after British Columbia's election result, Reuters reported.
Hammond Power Solutions was the strongest listed mover, rising 5.8 percent. CAE gained 4.6 percent after agreeing to sell its Flightscape business in a deal valued at USD 500 million, while the index recovered 156 points from Friday's close.
Why did the S&P/TSX Composite rise?
The opposition Conservative Party won British Columbia's provincial election and promised to increase liquefied natural gas production. Barry Schwartz of Baskin Wealth Management said the result was positive for oil, gas and construction companies.
Energy stocks rose 0.4 percent, materials gained 0.7 percent, financials advanced 0.8 percent and industrials climbed 0.5 percent. Five of the 10 major sectors ended lower, led by a 0.6 percent decline in consumer discretionary shares, Reuters reported.
Top and flop in the S&P/TSX Composite
Gainers and losers at the October 26 close according to Investing.com:
- Hammond Power Solutions up 5.8 percent
- Seabridge Gold up 5.4 percent
- CAE up 4.6 percent: Flightscape sale
- DPM Metals down 5.1 percent
- Celestica down 4.8 percent
- AbraSilver Resource down 3.2 percent
Advancing stocks outnumbered decliners by 557 to 397, with 69 unchanged. The S&P/TSX 60 VIX rose 0.1 percent to 14.87.
Oil retreats as gold supports materials
December crude settled 1.5 percent lower at USD 101.76 a barrel. Gold futures were down 0.3 percent at USD 4,026.45, while Canada's 10-year yield fell to 3.802 percent.
The retreat in oil eased concerns that higher energy costs would prolong inflation. The move also came before the U.S. Federal Reserve's policy decision on Wednesday.
What comes next for the S&P/TSX Composite
- October 27, 2026: The U.S. Federal Open Market Committee meeting begins; Precision Drilling reports after the market close.
- October 28, 2026, 9:45 a.m. ET: Bank of Canada policy announcement and Monetary Policy Report.
- October 28, 2026, 10:30 a.m. ET: Bank of Canada news conference, BNN Bloomberg reported.
S&P/TSX Composite price data for October 26, 2026
The S&P/TSX Composite closed at 35,944 points on October 26, 2026, up 156 points or 0.4 percent from 35,788 points on October 23, 2026, Reuters reported.
S&P/TSX Composite by the numbers on October 26, 2026
- Index: S&P/TSX Composite
- Home exchange: Toronto Stock Exchange, Canada
- Close on October 26, 2026: 35,944 points
- Change versus previous close of October 23, 2026: up 156 points (up 0.4 percent)
- Previous close: 35,788 points
- Top gainer: Hammond Power Solutions up 5.8 percent
- Top loser: DPM Metals down 5.1 percent
- Next scheduled event: October 27, 2026: FOMC meeting begins
