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TSX Edges Higher as Energy Stocks Gain

The S&P/TSX Composite Index edged higher above 35,000 on Thursday, supported by gains in the energy and related industrial services sectors. Oil prices surged on reports that the US is planning new strikes against Iran, risking the recent rebound in Middle Eastern oil exports. Energy producers gained, with Canadian Natural, Suncor and Imperial Oil up about 2% each, while Cenovus added nearly 3%. Enbridge, Waste Connections and TC Energy rose about 1% each. Most gold miners edged higher as gold prices posted modest gains after falling in the prior session, with Agnico Eagle and Franco-Nevada up more than 0.5%. Global yields also extended their rally amid intensifying inflationary pressures from high oil and fuel prices and a hawkish US Federal Reserve backdrop. Financials posted losses, with RBC and BMO down nearly 1%, while TD Bank and CIBC fell about 0.5%.

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02:18:47 PM UTC
SquawkNews
This article was automatically generated by Dow Jones using technology from Automated Insights. Stocks in Canada rose during early trading Thursday, as the S&P/TSX Composite Index added 0.3% to 35141.98. Among local companies with a market cap of at least 1 billion Canadian dollars ($702.2 million), Richelieu Hardware is the biggest leader this morning, jumping 11%, and DPM Metals jumped 4.5%. Versamet Royalties rounds out the top three movers, as shares rose 3.6%. Hut 8 is the biggest early laggard, plunging 5.7%, followed by shares of Xanadu Quantum Techs, which plunged 5.1%. Shares of Hammond Pwr Solns Cl A plunged 5.0%. On the currency front, the WSJ Dollar Index held steady at 97.41. The Canadian dollar strengthened 0.1% against the U.S. dollar to US$0.70. In the bond markets, the 10-year Canadian government bond yield declined 0.01 basis point to 3.945%. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 08, 2026 10:11 ET (14:11 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.

The S&P/TSX Composite Index edged higher above 35,000 on Thursday, supported by gains in the energy and related industrial services sectors. Oil prices surged on reports that the US is planning new strikes against Iran, risking the recent rebound in Middle Eastern oil exports. Energy producers gained, with Canadian Natural, Suncor and Imperial Oil up about 2% each, while Cenovus added nearly 3%. Enbridge, Waste Connections and TC Energy rose about 1% each.

5%. Global yields also extended their rally amid intensifying inflationary pressures from high oil and fuel prices and a hawkish US Federal Reserve backdrop. 5%.