S&P/ TSX Composite: 1.84% rally sets Tuesday focus
Published on 11/10/2026 at 13:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX starts Tuesday under scrutiny
- The S&P/TSX Composite closed November 9 at 36,446.26 points, up 657.17 points or 1.84 percent.
- Materials, industrials and financials led the advance, while lower oil prices weighed on energy shares.
- Reuters reported that S&P/TSX 60 futures were up 0.04 percent before Tuesday's Toronto open.
- US October inflation data due later on November 10 is the main near-term macroeconomic focus.
The S&P/TSX Composite heads into Tuesday's Toronto session after a broad recovery rally, with investors weighing stronger metals and global equities against a key US inflation release. The index has not yet begun its November 10 cash session during the configured European midday window.
Monday rally led by materials
The S&P/TSX Composite closed on Monday, November 9, at 36,446.26 points. According to Investcom, the benchmark gained 657.17 points, or 1.84 percent, from the previous Toronto trading session's close of 35,789.09. The move took the index to its highest closing level since early September, according to a Reuters market report carried by MarketScreener.
Materials were the strongest part of the advance. Reuters reported that the materials group rose 4.5 percent, while industrials gained 2.2 percent and the heavily weighted financial sector added 1.7 percent. Gold prices also rose, supporting Canadian mining shares. Barrick Mining was among the companies highlighted after reporting higher third-quarter profit, although its production declined.
Oil remains a sector counterweight
Crude prices moved in the opposite direction. Investcom reported late-afternoon oil at 87.09 US dollars, down 4.12 percent, as renewed hopes for diplomatic progress involving Iran reduced concerns about supply disruptions. The decline eased inflation worries and supported the broader equity recovery, but it also put pressure on energy-related shares. The report identified energy as one of the few weaker parts of the Canadian market on Monday.
US inflation sets the next test
Pre-market conditions were restrained on Tuesday. Reuters reported that December futures on the S&P/TSX 60 were up 0.04 percent at 5:55 a.m. Eastern Time, with Brent crude below 90 US dollars a barrel. That futures reading concerns the S&P/TSX 60 rather than the full Composite and is therefore not a forecast of the Composite's opening level.
The US Bureau of Labor Statistics was scheduled to release October consumer-price data at 8:30 a.m. Eastern Time, before the Toronto cash market opened. A Reuters economist survey cited by the news agency expected headline CPI to rise 0.3 percent month over month after a 0.6 percent increase in September, while core CPI was expected to rise 0.2 percent. The figures could influence expectations for Federal Reserve policy and, in turn, bond yields, the Canadian dollar and rate-sensitive parts of the Canadian market.
Investors therefore face a mixed setup: metals and a softer oil-driven inflation backdrop supported Monday's rally, while the US data and commodity-price reversals could determine whether that momentum carries into Tuesday's session. Further coverage is available on the S&P/TSX Composite topic page.
