S&P/ TSX Composite gains 313 points at midday as banks lead
Published on 10/15/2026 at 19:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBanks and energy lift stocks
- The index stood at 35,898 points, up 313 points or 0.9 percent at 11:47 a.m. ET.
- Canadian manufacturing sales rose 1.5 percent in August versus a 1.1 percent forecast.
- Shopify gained 3.0 percent, while Celestica fell 7.5 percent in intraday trading.
- Canadian housing starts are due October 16 at 12:15 p.m. ET, with a 210,000 consensus.
The S&P/TSX Composite was up 313 points, or 0.9 percent, at 35,898 points at 11:47 a.m. ET on October 15, 2026, CP24 reported. Canadian manufacturing sales rose 1.5 percent in August against a 1.1 percent forecast, Trading Economics said.
Shopify rose 3.0 percent as technology shares stabilized, while Celestica fell 7.5 percent amid continued pressure on technology hardware, Sunday Guardian reported.
Why is the S&P/TSX Composite rising?
Telecom, industrial and financial shares led the advance in late-morning trading, while U.S. markets were mixed, CP24 reported. The index was recovering after losing 399.52 points on Wednesday to close at 35,584.46, the Winnipeg Free Press reported.
Stock moves shape the S&P/TSX Composite
Canadian Natural Resources gained 4.8 percent and Suncor Energy rose 3.7 percent as energy shares attracted buying interest. Oil also traded higher, with the December crude contract up USD 1.53 at USD 95.43 per barrel, CP24 reported.
Bank shares remained uneven. Toronto-Dominion Bank, National Bank and BMO each fell 0.5 percent in a separate intraday market update, Trading Economics said.
Housing data set the next test
Canada's housing market is next on the calendar. Housing starts for September are scheduled for October 16 at 12:15 p.m. ET, with a 210,000 consensus and 232,500 previously, Trading Economics shows.
