Bank of Canada rate decision looms as juniors report gold drill results

Updated Oct 28, 2026 7:01am ET

Markets

The S&P/TSX Composite finished yesterday at 36,171.49, up 227.33 points. Markets anticipate that the Bank of Canada will raise its key rate this morning for the first time since 2023, and it is also releasing its Monetary Policy Report, with Governor Tiff Macklem holding a press conference. The Federal Reserve is expected to leave rates unchanged in its last decision before the midterms. In overnight trading oil was at US$101.15, up 1.25%, as renewed Houthi attacks on Saudi Arabia revived supply fears. The Canadian dollar was at US$0.71133 early today, down 0.04%.

Venture & CSE

The S&P/TSX Venture Composite finished yesterday at 838.48, up 13.20, and the CSE Composite at 140.36, up 2.81. Headwater Gold said its first hole at Jake Creek returned 1.34 g/t gold across 46.33 metres. Banyan Gold said it extended mineralization into the gap between the Airstrip and Powerline areas at AurMac in Yukon, reporting 20.2 metres of 1.34 g/t Au and 27.5 metres of 1.18 g/t Au among results from six drillholes at Airstrip. Separately, QGold said it met its first annual milestone payment to Alamos Gold for the Quartz Mountain Gold Project through a share issuance. In overnight trading gold was at US$4,060.3, down 0.35%, and silver at US$53.740, down 1.42%.

Market data

Index levels are Tuesday's close, the previous session. Commodities and currencies are overnight trading.

Oct 28, 2026 7:00am ET

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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.