TSX Renews Record High

2026-08-10 20:35 By Isabela Couto 1 min. read

The S&P/TSX Composite Index added 0.2% to close at 36,458 on Monday, reaching another record high as energy and technology stocks advanced.

Crude oil rallied amid growing uncertainty over a deal between the US and Iran to end the conflict and reopen the Strait of Hormuz.

US President Donald Trump criticized Iran's demands for war compensation, while Tehran said Washington must lift its blockade before agreeing to fully reopen the waterway.

Energy producers led gains, with Canadian Natural up 3.7%, Suncor advancing 4.3%, Imperial Oil adding 3%, and Cenovus jumping 4.6%.

Technology stocks tracked gains in US hyperscalers after brokers signaled strong cloud demand.

Shopify rose 2.2%, while Constellation Software gained 2.6% ahead of its earnings tomorrow.

Miners were mixed, with Barrick down 6.4% after disappointing second-quarter results, while Franco-Nevada gained 0.8% ahead of its earnings tomorrow.



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TSX Renews Record High
The S&P/TSX Composite Index added 0.2% to close at 36,458 on Monday, reaching another record high as energy and technology stocks advanced. Crude oil rallied amid growing uncertainty over a deal between the US and Iran to end the conflict and reopen the Strait of Hormuz. US President Donald Trump criticized Iran's demands for war compensation, while Tehran said Washington must lift its blockade before agreeing to fully reopen the waterway. Energy producers led gains, with Canadian Natural up 3.7%, Suncor advancing 4.3%, Imperial Oil adding 3%, and Cenovus jumping 4.6%. Technology stocks tracked gains in US hyperscalers after brokers signaled strong cloud demand. Shopify rose 2.2%, while Constellation Software gained 2.6% ahead of its earnings tomorrow. Miners were mixed, with Barrick down 6.4% after disappointing second-quarter results, while Franco-Nevada gained 0.8% ahead of its earnings tomorrow.
2026-08-10
TSX Muted as Earnings Take Focus
The S&P/TSX Composite Index was little changed around 36,000 on Monday after reaching a record high in the previous session, amid uncertainty surrounding US-Iran talks and a fresh batch of corporate earnings. Barrick slumped nearly 9% after reporting second-quarter earnings and revenue below expectations. Franco-Nevada (-1%) and Constellation Software (+2%) are scheduled to report earnings tomorrow. The market is also assessing last week's stronger-than-expected Canadian jobs report, which showed employment rising by 75,100 in July while the unemployment rate fell for the third consecutive month to 6.4%. The resilient labor market could support a more hawkish stance from the Bank of Canada. Meanwhile, oil prices rose as uncertainty persisted over efforts to reopen the Strait of Hormuz, while gold prices edged lower.
2026-08-10
TSX Futures Steady as Earnings Take Focus
Futures tracking the S&P/TSX Composite Index were little changed on Monday after the index reached a record high in the previous session, amid uncertainty surrounding US-Iran talks and a fresh batch of corporate earnings. Barrick traded lower in US pre-market trading after reporting second-quarter earnings and revenue below expectations. Franco-Nevada and Constellation Software are scheduled to report earnings tomorrow. The market is also pricing in last week's stronger-than-expected Canadian jobs report, which showed employment rising by 75,100 in July while the unemployment rate fell for the third consecutive month to 6.4%. The resilient labor market could support a more hawkish stance from the Bank of Canada. Meanwhile, oil prices rose as uncertainty persisted over efforts to reopen the Strait of Hormuz, while gold prices edged lower.
2026-08-10