S&P/ TSX Composite: 0.67% gain sets cautious Thursday pre-open tone

Published on 11/12/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The S&P/TSX Composite finished Wednesday 0.67 percent higher at 36,411.72 points as technology, energy and materials shares advanced. TSX futures were lower before Thursday's Toronto opening, with Nvidia-related AI concerns and upcoming economic data in focus.

TSX Awaits Thursday Opening Signals

The S&P/TSX Composite closed Wednesday at 36,411.72 points, up 0.67 percent from Tuesday.
Technology, energy and materials shares led Wednesday's advance, while TSX futures were lower ahead of Thursday's open.
Canadian building permits and U.S. jobless claims are scheduled for release after the European midday window.

S&P/TSX Composite, XC0009693034, Illustration mit AI erstellt.

The S&P/TSX Composite enters Thursday's Toronto session after closing Wednesday at 36,411.72 points, a gain of 241.27 points or 0.67 percent from Tuesday's close of 36,170.45. The index is therefore in a pre-opening setup rather than a live-session report during the European midday window.

Technology Led Wednesday's Rebound

According to Reuters, Canadian technology stocks gained 2.85 percent on Wednesday. The report attributed renewed enthusiasm for the artificial-intelligence trade to strong results from U.S. cloud provider CoreWeave after the previous session's selloff. Energy stocks also advanced as crude prices rose, while the financials and industrials sectors finished higher.

Wednesday's move followed a 0.76 percent decline on Tuesday, leaving the benchmark higher over the two-session period but still exposed to changes in global technology sentiment, interest-rate expectations and commodity prices. The index is heavily influenced by financials, energy and materials, so developments in those areas remain particularly relevant for the opening direction.

Global Technology Risk Returns

Thursday's external backdrop is less supportive for technology shares. Reuters reported that U.S. equity futures fell after Nvidia shares dropped in after-hours trading amid reports concerning the company's chief executive. Nasdaq futures were down more sharply than S&P 500 futures in the report, while Asian technology markets also weakened. Any spillover into Canadian technology constituents could offset some of Wednesday's rebound, although the index's broader sector mix may reduce its sensitivity relative to U.S. technology benchmarks.

Commodities provide a mixed signal. The Globe and Mail reported lower early prices for oil and gold, while geopolitical risks continued to influence energy markets. The same preview said TSX futures were in the red and identified Canadian corporate results, including Brookfield, Canadian Tire and Hudbay Minerals, as Thursday's domestic focus.

Data Arrives After the Slot

Canadian building permits for September are scheduled for 8:30 a.m. Eastern Time, alongside U.S. initial jobless claims. U.S. existing-home sales and the federal budget balance are due later. These releases follow the 13:00-14:00 Europe/Berlin reporting window and could shape the session after Toronto opens at 9:30 a.m. Eastern Time.

For further coverage of the S&P/TSX Composite, see the index topic page.