Metals strength lifts Canadian indexes; McEwen agrees to sell Timmins assets

Updated Oct 9, 2026 4:31pm ET

Markets

The S&P/TSX Composite closed up 519.24 points at 35,664.62, a gain of 1.48%, with basic materials among the sectors helping. Statistics Canada reported that employment fell by 68,000 in September and the unemployment rate rose 0.1 percentage point to 6.5%. According to market reports, the soft labour data dimmed bets on higher interest rates and weighed on the loonie, which traded at 0.70112 US in late-afternoon trading, down 0.26%. Oil was little changed at US$91.46 a barrel in late-afternoon trading. On Wall Street, the S&P 500 closed up 0.59% at 7,811.54.

Venture & CSE

The S&P/TSX Venture Composite closed up 6.27 points at 874.03, a gain of 0.72%, while the CSE Composite closed up 2.52 points at 151.52, or 1.69%. Gold traded at US$4,220.5 and silver at US$60.985 in late-afternoon trading, up 1.53% and 2.63%. McEwen said it signed a US$55 million agreement to sell its Fuller and Paymaster assets. Discovery Mining said a subsidiary agreed to acquire the Fuller project and other Timmins properties next to the Dome Mine from McEwen. McEwen said the deal also divests US$13.5 million of McEwen Copper debt. Osisko Gold said it closed a US$30 million strategic equity investment from an affiliate of Trafigura Canada. Rock Tech Lithium raised $6 million in a private placement to fund a feasibility study for Georgia Lake.

Market data

Closing index levels; commodities and currencies are late-afternoon trading, not settlements.

Oct 9, 2026 4:30pm ET

TSX Venture most active

Oct 9, 2026 4:26pm ET

TSX Venture gainers

Oct 9, 2026 4:26pm ET

CSE most active

Oct 9, 2026 4:24pm ET

CSE gainers

Oct 9, 2026 4:24pm ET

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.