TSX Nears One-Year High as Yields Retreat

2026-10-06 21:04 By Isabela Couto 1 min. read

The S&P/TSX Composite Index rose 0.4% to close at 35,649 on Tuesday, nearing a one-year high as the recent global bond sell-off eased.

Yields retreated from multi-year highs, offering some respite to credit-sensitive markets.

RBC gained 0.6%, TD Bank added 0.5%, BMO rose 0.7% and CIBC advanced 0.9%.

Utilities also gained as lower yields increased the appeal of high-dividend-paying stocks.

Miners advanced as gold prices rebounded, with Agnico Eagle up 1.2% and Barrick adding 1.6%.

The tech sector rose, tracking gains on Wall Street, with Shopify up 2.4%.

Meanwhile, Emera (-2.9%) said it would acquire Canadian Utilities (-1.9%) in a deal that would create one of Canada’s largest power providers.

ATCO (+9.2%), which holds nearly 37% of Canadian Utilities’ outstanding non-voting shares and all outstanding voting shares, said it would separate into a publicly traded industrial services company.



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TSX Nears One-Year High as Yields Retreat
The S&P/TSX Composite Index rose 0.4% to close at 35,649 on Tuesday, nearing a one-year high as the recent global bond sell-off eased. Yields retreated from multi-year highs, offering some respite to credit-sensitive markets. RBC gained 0.6%, TD Bank added 0.5%, BMO rose 0.7% and CIBC advanced 0.9%. Utilities also gained as lower yields increased the appeal of high-dividend-paying stocks. Miners advanced as gold prices rebounded, with Agnico Eagle up 1.2% and Barrick adding 1.6%. The tech sector rose, tracking gains on Wall Street, with Shopify up 2.4%. Meanwhile, Emera (-2.9%) said it would acquire Canadian Utilities (-1.9%) in a deal that would create one of Canada’s largest power providers. ATCO (+9.2%), which holds nearly 37% of Canadian Utilities’ outstanding non-voting shares and all outstanding voting shares, said it would separate into a publicly traded industrial services company.
2026-10-06
TSX Edges Higher as Oil Prices and Bond Yields Ease
The S&P/TSX Composite Index edged higher near 35,500 on Tuesday amid easing oil prices and a pullback in global bond yields. Oil prices fell as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, reducing energy-driven inflation pressures. Yields also eased from multi-year highs, offering some respite to credit-sensitive markets. RBC and TD Bank rose more than 0.5%, while BMO, Scotiabank and CIBC gained nearly 1%. Miners were mostly lower amid volatile gold prices, with Barrick and WPM shedding about 0.5%. Elsewhere, Jamieson Wellness was near flat after receiving final court approval for its pending acquisition by Kirin Holdings. On the data front, Canada’s merchandise trade surplus widened to a four-year high in August as US consumers front-loaded orders before new tariffs took effect at the end of the month.
2026-10-06
TSX Futures Rise as Oil and Bond Yields Ease
Futures tracking Canada’s benchmark stock index rose on Tuesday amid easing oil prices and a pullback in global bond yields. Oil prices fell as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, reducing energy-driven inflation pressures. Yields eased from multi-year highs, offering some respite to credit-sensitive markets. Gold prices rebounded from earlier losses, lending support to mining shares. Elsewhere, Jamieson Wellness received final court approval for its pending acquisition by Kirin Holdings. On the data front, Canada's merchandise trade surplus widened to a four-year high in August as US consumers front-loaded orders before new tariffs were placed in the end of the month.
2026-10-06