Markets

S&P/TSX composite up more than 300 points, U.S. stock markets also higher

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TORONTO — Strength in the base metal and industrial sectors helped Canada’s main stock index gain more than 300 points in late-morning trading, while U.S. stock markets also moved higher to start the week.

The S&P/TSX composite index was up 320.45 points at 35,940.48.

In New York, the Dow Jones industrial average was up 514.57 points at 52,284.88. The S&P 500 index was up 47.66 points at 7,627.73, while the Nasdaq composite was up 207.56 points at 25,644.56.

The Canadian dollar traded for 71.57 cents US compared with 71.63 cents US on Friday.

The December crude oil contract was down US$6.96 at US$97.16 per barrel.

The December gold contract was up US$70.50 at US$3,969.40 an ounce.

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This report by The Canadian Press was first published Nov. 2, 2026.