TSX Rises Ahead of BoC and Fed Meetings

2026-10-27 20:24 By Isabela Couto 1 min. read

The S&P/TSX Composite Index rose 0.6% to close at 36,171 ahead of monetary policy decisions from the Bank of Canada and the US Federal Reserve later this week.

The BoC meets Wednesday, with markets pricing in a 25-basis-point hike, while the Fed is widely expected to hold rates steady.

Canadian bond yields fell as the oil rally paused, easing energy-driven inflation concerns and supporting bank stocks.

BMO gained 1.2%, Scotiabank rose 0.8%, and CIBC added 1.1%.

Mining stocks advanced as gold prices picked up, with Agnico Eagle rising 2.9% ahead of its earnings report on Wednesday, Barrick gaining 2.8%, and Wheaton Precious Metals climbing 3.1%.

Meanwhile, the US and Canada are reportedly negotiating a deal to ease US tariffs on Canadian steel and autos.

BRP rose 2.7%, while Teck Resources gained 3.5%.

Celestica surged 11.9% after posting better-than-expected third-quarter results and issuing an upbeat 2027 revenue outlook, recovering from last week’s sharp losses.



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