Oct 8, 2026 7:01am ET
The S&P/TSX Composite finished yesterday at 35,041.86, down 1.70%. In overnight trading oil was up 4.94% at US$92.64, as reports pointed to heavy attacks on tankers in the Strait of Hormuz and Brent topping US$105 a barrel, with bond yields higher and stocks lower elsewhere. The Canadian dollar was little changed early today at US$0.70133. Closer to home, Ottawa is pushing to preserve Stelco jobs as the US trade war weighs on Canadian steel, and the Cleveland-Cliffs chief dismissed the idea of nationalizing Stelco.
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Oct 8, 2026 12:31pm ET
The S&P/TSX Composite was up 0.11% at 35,079.93 in midday trade. Oil was the main story, up 5.18% at US$92.85 so far today as reports of stepped-up Iranian attacks on tankers kept supply worries in focus around the Strait of Hormuz, where tanker traffic has dropped to a two-month low. Gold was down 0.14% at US$4,134.9 so far today, while the Canadian dollar was up 0.04% at 0.70170 against the US dollar. Statistics Canada reported July retail sales of $77.8 billion, up 5.0% from a year earlier, with higher sales in 14 of 18 commodity classes.
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Oct 8, 2026 4:31pm ET
The S&P/TSX Composite closed up 103.52 points at 35,145.38, with market reports pointing to strength in the energy sector. Oil traded at US$90.69 in late-afternoon trading, up 2.73%, as reports of Iranian attacks on tankers in the Strait of Hormuz kept supply worries in play. Gold was at US$4,159.4 in late-afternoon trading, up 0.45%. The Canadian dollar stood at 0.70330 against the U.S. dollar in late-afternoon trading, up 0.27%. Statistics Canada put July retail sales at $77.8 billion, up 5.0% from a year earlier.
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Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.
