Canada’s main stock index surged more than 300 points in late-morning trading on Monday, November 2, 2026, driven by gains in the base metal and industrial sectors. The S&P/TSX composite index climbed 320.45 points to reach 35,940.48. Meanwhile, U.S. stock markets also saw positive movement, with major indices posting solid gains to start the week.
In New York, the Dow Jones industrial average rose 514.57 points to 52,284.88. The S&P 500 index gained 47.66 points, reaching 7,627.73, while the Nasdaq composite added 207.56 points to hit 25,644.56. The Canadian dollar weakened slightly, trading at 71.57 cents US, down from 71.63 cents US on Friday.
Commodities saw mixed movements, with the December crude oil contract falling US$6.96 to US$97.16 per barrel. In contrast, the December gold contract surged US$70.50 to US$3,969.40 an ounce, reflecting strong demand for the precious metal.