S&P/ TSX Composite loses 168 points at midday on oil rally
Published on 10/23/2026 at 18:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOil rally pressures the benchmark
- At 12:35 p.m. ET on October 23, 2026, the index stood at 35,806 points, down 168 points or 0.5 percent.
- WTI crude rose above USD 100 as Canadian 10-year yields reached 3.83 percent.
- Rogers Communications fell 1.2 percent despite quarterly profit above estimates.
- The Bank of Canada announces its next rate decision on October 28, 2026, at 9:45 a.m. ET.
The S&P/TSX Composite was down 168 points, or 0.5 percent, at 35,806 points at 12:35 p.m. ET on October 23, 2026. Rising oil prices and higher bond yields fueled concerns about persistent inflation and interest rates, Reuters via MarketScreener reported.
Rogers Communications fell 1.2 percent after reporting quarterly profit above estimates, while the company faced weaker wireless subscriber growth, Bloomberg via Yahoo Finance reported.
Why is the S&P/TSX Composite down at midday?
WTI crude rose above USD 100 per barrel, while the Canadian 10-year yield climbed to 3.83 percent. The two-year yield reached 3.34 percent, reinforcing concerns about higher borrowing costs, Reuters via MarketScreener reported.
Canadian retail sales rose 1.2 percent in August from July, slightly below expectations. The release added to the session's focus on domestic growth and the Bank of Canada's policy outlook.
S&P/TSX Composite sectors diverge
Energy was the only sector in positive territory, rising 2.2 percent as crude prices advanced. Materials fell 1.8 percent, technology declined 0.8 percent and financials lost 1.7 percent, according to Reuters via MarketScreener.
The benchmark opened down 0.53 percent at 35,782.5 points. It later reached 35,673.55 points at 10:44 a.m. ET, its lowest level in one week, before recovering part of the decline.
What comes next for the S&P/TSX Composite
- October 28, 2026, 9:45 a.m. ET: The Bank of Canada announces its policy decision with a Monetary Policy Report, Ratesopedia reports.
S&P/TSX Composite price data for October 23, 2026
The index stood at 35,805.90 points at 12:35 p.m. ET on October 23, 2026, according to Canadian Press via Yahoo Finance. It was down 167.55 points, or 0.5 percent, from the previous close of 35,973.45 points.
S&P/TSX Composite by the numbers on October 23, 2026
- Index: S&P/TSX Composite
- Home exchange: Toronto Stock Exchange, Canada
- Level at 12:35 p.m. ET on October 23, 2026: 35,806 points
- Change versus previous close of October 22, 2026: down 168 points (down 0.5 percent)
- Previous close: 35,973 points
