S&P/ TSX Composite rises 0.2 percent as energy offsets tech weakness
Published on 10/08/2026 at 21:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- The S&P/TSX Composite stood at 35,119 points at 2:37 p.m. ET on October 8, 2026, up 0.2 percent.
- Energy and consumer staples shares supported the index while technology stocks weakened.
- Richelieu Hardware rose 13.9 percent, while Canopy Growth fell 5.6 percent.
- Canada's September employment report is scheduled for 8:30 a.m. ET on October 9, 2026.
The S&P/TSX Composite was at 35,119 points at 2:37 p.m. ET on October 8, 2026, up 0.2 percent, as energy and consumer staples shares offset weakness in technology stocks, finanzen.ch reported.
Richelieu Hardware was the strongest named mover, rising 13.9 percent after the specialty hardware distributor reported higher third-quarter revenue, according to Baystreet.ca.
Energy offsets technology weakness
The index had traded as low as 34,953 points and as high as 35,215 points during the session. Brent crude reached USD 105.92 a barrel before easing, while WTI crude was at USD 91.88. The move in energy shares followed higher oil prices amid renewed Middle East tensions, while rising bond yields weighed on rate-sensitive technology and financial stocks, finanzen.ch reported.
Canopy Growth fell 5.6 percent. Fortuna Silver Mines, Dundee Precious Metals, Suncor Energy, Keyera, Baytex Energy, Parex Resources, Cenovus Energy, Canadian Natural Resources, Centerra Gold and Imperial Oil gained between 3.0 percent and 4.5 percent. NexGen Energy, Ballard Power Systems, Aecon, Celestica, Ivanhoe Mines, Air Canada, Ero Copper, Cameco, Tilray and IGM Financial were among the stocks down between 2.0 percent and 4.5 percent.
What comes next
Canada's September employment report is scheduled for October 9, 2026, at 8:30 a.m. ET. The forecast calls for employment to increase by 9,500 and the unemployment rate to rise to 6.5 percent, according to InvestingLive.
