TSX Reaches Fresh Record

2026-08-11 20:36 By Isabela Couto 1 min. read

The S&P/TSX Composite Index edged higher to close at 36,476 on Tuesday, reaching a fresh record slightly above the previous session's high, supported by energy stocks.

The energy sector advanced as crude oil prices pared earlier losses after Iran reiterated that it would keep the Strait of Hormuz closed until its demands are met.

Canadian Natural gained 0.7%, Suncor rose 0.9%, Imperial Oil added 0.5%, and Cenovus advanced 0.9%.

Financials were mixed, with Brookfield Asset Management jumping 4.6% on strong fee revenue growth and a major fundraising effort, while major banks mostly declined.

Investors now await Wednesday's US CPI report for fresh clues on the Fed's policy outlook, while strong Canadian labor data from last week kept expectations for a hawkish BoC in focus.

Among miners, Franco-Nevada fell 0.2% ahead of its earnings report, while investors continued to digest Barrick's (-2.1%) results.

In tech, Shopify shed 1.8% and Constellation Software lost 2.5% ahead of its earnings.



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TSX Reaches Fresh Record
The S&P/TSX Composite Index edged higher to close at 36,476 on Tuesday, reaching a fresh record slightly above the previous session's high, supported by energy stocks. The energy sector advanced as crude oil prices pared earlier losses after Iran reiterated that it would keep the Strait of Hormuz closed until its demands are met. Canadian Natural gained 0.7%, Suncor rose 0.9%, Imperial Oil added 0.5%, and Cenovus advanced 0.9%. Financials were mixed, with Brookfield Asset Management jumping 4.6% on strong fee revenue growth and a major fundraising effort, while major banks mostly declined. Investors now await Wednesday's US CPI report for fresh clues on the Fed's policy outlook, while strong Canadian labor data from last week kept expectations for a hawkish BoC in focus. Among miners, Franco-Nevada fell 0.2% ahead of its earnings report, while investors continued to digest Barrick's (-2.1%) results. In tech, Shopify shed 1.8% and Constellation Software lost 2.5% ahead of its earnings.
2026-08-11
Canadian Stocks Set Fresh Record
The S&P/TSX Composite Index rose to a record above 36,500, with support from heavyweight banks. Oil prices trimmed earlier losses after a spokesperson for Qatar’s foreign ministry said negotiations between Oman and Iran were at an advanced stage, offering some hope of progress toward an agreement. Financials traded higher, with TD Bank, BMO, CIBC and Scotiabank up about 1% each, while Brookfield gained more than 2%. Markets are now turning to Wednesday’s US consumer price index for July, which is expected to provide fresh clues on the Federal Reserve’s policy outlook. Meanwhile, expectations of a hawkish Bank of Canada remained after strong domestic labor data released last week. Among miners, Franco-Nevada (+0.2%) was in focus ahead of its earnings report after the bell, while investors continued to digest Barrick’s (-1%) results from Tuesday. In tech, Shopify shed more than 1%, while Constellation Software edged lower ahead of its earnings report.
2026-08-11
TSX Futures Steady as Oil Stabilizes
Futures tracking Canadian stocks were little changed on Tuesday after a record in the previous session, as energy prices held off from rebounding further. Oil prices traded near flat after a spokesperson for Qatar’s foreign ministry said negotiations between Oman and Iran were at an advanced stage, offering some hope of progress toward an agreement. Markets are now turning to Wednesday’s US consumer price index for July, which is expected to provide fresh clues on the Federal Reserve’s policy outlook. Risks of a hawkish BoC remained after the strong domestic labor data released last week. Meanwhile, Franco Nevada took the spotlight among the miners ahead of its earnings after the bell, while markets continued to digest Barrick's earnings report yesterday.
2026-08-11