S&P/ TSX Composite rises 1.3% as mining shares lead rebound
Published on 11/09/2026 at 18:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX rises as metals lead rebound
- The S&P/TSX Composite stood at 36,261.88 points at 10:51 a.m. Eastern Time on November 9, 2026, up 1.3% from the previous close.
- Mining and materials shares advanced as falling oil prices eased inflation concerns and supported gold prices.
- Investors were also assessing a rebound in US stocks ahead of US inflation data due later in the week.
The S&P/TSX Composite was trading firmly higher in Monday's Toronto session, extending the recovery that began at the end of last week. At 10:51 a.m. Eastern Time on November 9, 2026, the index stood at 36,261.88 points, up 1.3% from the previous close. The timestamp corresponds to 16:51 Berlin time, more than an hour before the configured evening reporting window.
The level and move were reported by Reuters. Compared with Friday's close of 35,789.09 points, the index had gained 472.79 points. Friday's close was also documented by Morningstar's Dow Jones Market Data report.
Mining strength offsets energy weakness
Materials and precious-metals shares provided the main support. Reuters reported that the S&P/TSX global gold index had risen 4.1% and the materials index 3.9%, while gold prices gained more than 1%. Barrick Mining was among the companies highlighted, rising 3.5% after reporting higher third-quarter profit as stronger gold prices outweighed lower production.
Energy shares moved in the opposite direction. Brent crude fell 5% during the reported session after US President Donald Trump played down the likelihood of renewed strikes on Iran. The decline in oil prices reduced immediate inflation concerns and helped lift metals, but weighed on energy-linked companies. Reuters also reported that Canada's 10-year bond yield fell for a fourth consecutive session.
US data remains the next catalyst
The advance also reflected a broader improvement in North American risk appetite after the previous week's technology-led sell-off. US stocks were higher as investors considered whether the earlier decline had gone too far. Canadian markets, however, remain sensitive to the next major macroeconomic signals. An Investing.com report carried by Yahoo Finance said traders were focused on US consumer-price data due Tuesday and producer-price data due Friday. Those releases could influence expectations for Federal Reserve policy and, in turn, valuations across North American equities.
The S&P/TSX Composite was therefore showing a strong intermediate-session gain rather than a completed daily result. The Toronto market session was still ongoing at the cited index time, leaving the final close subject to further moves in commodities, energy and technology shares. Further index coverage is available on the S&P/TSX Composite topic page.
