Oct 16, 2026 7:01am ET
The S&P/TSX Composite finished yesterday at 36,137.10, up 552.64 points. Housing data led the domestic news: CREA reported that September home sales fell 2.3% month-over-month and cut its 2026 sales forecast for a third straight quarter. Bank of Canada governor Tiff Macklem said prolonged high energy prices make it harder to avoid a rate increase. Fresh inflation and survey data arrive next week, ahead of the central bank's decision later this month. In overnight trading, oil was at US$95.84, down 0.66, and CAD/USD was at 0.70660.
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Oct 16, 2026 4:56pm ET
The S&P/TSX Composite closed at 36,176.55, up 39.45 points, while U.S. markets fell as a tech selloff deepened; the Nasdaq Composite closed at 26,140.03, down 573.00 points. Oil traded at US$98.94 in late-afternoon trading, up 2.44. Brent touched US$110 a barrel on Middle East and Russia supply fears. The Canadian dollar stood at 0.70725 against the U.S. dollar in late-afternoon trading, up 0.00232. Fresh inflation figures and a Bank of Canada survey are due next week, ahead of the central bank's rate decision later in the month. An RBC economist saw a hike as a possibility but not the most likely outcome.
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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.
