S&P/ TSX Composite closes up 217 points as TD Bank leads
Published on 10/21/2026 at 23:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGovernment package supports banks
- S&P/TSX Composite closed at 36,325 points, up 217 points or 0.6 percent on October 21, 2026.
- Canada and Ontario announced a CAD 9 billion support package for steel and auto industries.
- AbraSilver led movers with a 12.5 percent gain, while Magna International fell 4.1 percent.
- Canada's CFIB business barometer is due Thursday, October 22, 2026, at 8:00 a.m. ET.
The S&P/TSX Composite closed at 36,325 points on October 21, 2026, up 217 points or 0.6 percent. Government support for tariff-hit industries and stronger technology shares lifted the benchmark.
AbraSilver surged 12.5 percent after reporting its best gold intercept at the Oculto deposit, while Magna International fell 4.1 percent after two analysts cut their price targets.
Why did the S&P/TSX Composite rise on Wednesday?
Canada and Ontario announced a CAD 9 billion package for steel and auto industries. The measures also target critical-mineral supply chains, supporting the financial and industrial outlook, Reuters reported.
Financial stocks gained 1.4 percent, while Toronto-Dominion Bank rose 2.0 percent. Technology shares advanced 0.8 percent as strong SpaceX and Super Micro Computer results renewed interest in artificial-intelligence stocks, Reuters said.
AbraSilver leads the S&P/TSX Composite movers
AbraSilver gained 12.5 percent after drilling found 228 meters grading 1.79 grams of gold per tonne at Oculto. The company said the result was its best gold intercept at the deposit, MarketScreener reported.
Magna International dropped 4.1 percent after CIBC and BNP Paribas lowered their price targets. Teck Resources lost 2.6 percent after reporting a strike notice at its Highland Valley Copper operation, according to Reuters.
Financials and technology set the session course
The index turned lower after midday before regaining momentum. Financials, technology, industrials and utilities all finished higher. Only three of the 10 main sectors declined, led by a 1.4 percent drop in consumer discretionary stocks.
Canada's 10-year government yield fell to 3.870 percent. The S&P/TSX Composite reached its highest closing level since September 22, 2026, after gaining 2.08 percent over five sessions, the closing market summary said.
What comes next for the S&P/TSX Composite
Canadian investors face fresh domestic data and earnings before the next session. The scheduled calendar includes the following event:
- October 22, 2026, 8:00 a.m. ET: Canada's CFIB business barometer is due, alongside Mullen Group's earnings before the market opens, The Globe and Mail reports.
S&P/TSX Composite price data for October 21, 2026
The S&P/TSX Composite closed at 36,325 points on October 21, 2026, up 217 points or 0.6 percent from 36,108 points on October 20, 2026, MarketScreener reported.
S&P/TSX Composite by the numbers on October 21, 2026
- Index: S&P/TSX Composite
- Home exchange: Toronto Stock Exchange, Canada
- Close on October 21, 2026: 36,325 points
- Change versus previous close of October 20, 2026: up 217 points (up 0.6 percent)
- Previous close: 36,108 points
- Top gainer: AbraSilver up 12.5 percent
- Top loser: Magna International down 4.1 percent
- Next scheduled event: October 22, 2026, 8:00 a.m. ET: Canada's CFIB business barometer
