Canada market reports, October 2026


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All reports of Oct 23 October 2026 archive

Friday Oct 23, 2026

Boroo agrees to buy Victoria Gold, eyeing Yukon Eagle mine restart

Oct 23, 2026 4:56pm ET

The S&P/TSX Composite closed down 185.27 points at 35,788.18, with higher oil prices and worries over the AI trade cited as pressure on North American markets. Oil traded at US$103.19 in late-afternoon trading, up 3.74%. Statistics Canada reported August retail sales up 1.2% to $74.6 billion, led by motor vehicle and parts dealers, and a report said the data supported expectations of a Bank of Canada rate increase next week. Separately, the White House said it is lifting tariffs on some Canadian goods, with exemptions reported for certain paper, plastics, machinery and food products.

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Hercules Metals upsizes bought deal to $45 million as gold slips

Oct 23, 2026 12:31pm ET

The S&P/TSX Composite was down 157.22 points, or 0.44%, at 35,816.23 in midday trade. Statistics Canada reported August retail sales up 1.2% to $74.6 billion, with gains in all nine subsectors led by motor vehicle and parts dealers, and its advance estimate showed September manufacturing sales edging up 0.1%. Oil was up 3.50% at US$102.95 so far today, and energy was firm even as the index slipped. The Canadian dollar was at 0.71456 against the US dollar. On Wall Street, the Dow Jones Industrial Average was down 0.95%.

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Thursday Oct 22, 2026

Nine Mile Metals reports high-grade copper intercept as oil climbs overnight

Oct 22, 2026 7:01am ET

The S&P/TSX Composite finished yesterday at 36,324.99, up 217.03 points or 0.60%. Oil is the overnight story, trading at US$99.17, up 2.02, after Iran reported fires or damage on seven oil tankers in the Strait of Hormuz and fears grew of a return to all-out war. Gold traded at US$4,105.1 early today, down 44.9, and silver at US$56.140, down 1.570. The Canadian dollar was at US$0.71284 in overnight trading, up 0.00095, or 1.40295 per US dollar. Separately, Teck said the United Steelworkers local served it with strike notice at Highland Valley Copper in B.C.

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Venture and CSE indexes fall sharply as gold and silver drop

Oct 22, 2026 4:56pm ET

The S&P/TSX Composite closed at 35,973.45, down 351.54 points or 0.97%, with basic materials leading the losses. Gold fell 111.6 to US$4,038.4 in late-afternoon trading, and silver was down 3.090 at US$54.620. Oil rose 1.92 to US$99.07 in late-afternoon trading as renewed attacks on Saudi targets and Iran's report of seven tankers hit near the Strait of Hormuz fed supply worries. The Canadian dollar traded at US$0.71353 in late-afternoon trading. Statistics Canada said the Industrial Product Price Index rose 2.0% in September from August. The Nasdaq Composite closed down 2.60% as AI stocks fell.

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Wednesday Oct 21, 2026

Dome drilling extends mineralization 600 metres south, company says

Oct 21, 2026 7:01am ET

The S&P/TSX Composite finished yesterday at 36,107.96, up 179.33 points, as broad gains lifted the index. Oil traded at US$99.99 in overnight trading, up 2.22%, with Middle East supply fears persisting and a U.S. inventory report adding to bullish sentiment. The Canadian dollar was at 0.71196 US in overnight trading. An RBC economist noted that inflation in Canada edged higher to 3.1% in September from 3.0% the month before, driven largely by rising energy prices. The Parliamentary Budget Office lowered its growth outlook for 2026-2027, citing U.S. tariffs and Canadian countermeasures.

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Goldstorm reports gold-silver mineralization at Crown in BC's Golden Triangle

Oct 21, 2026 12:31pm ET

The S&P/TSX Composite was up 283.96 points at 36,391.92 so far today, a gain of 0.79%, with technology and financial stocks leading. RBC said Canada's annual inflation rate rose 3.1% in September, up from 3.0% the month before, mostly on higher energy prices, and called a rate hike in 2026 unlikely. Oil was at US$97.19, down 0.64% in midday trade, with no clear catalyst. Gold stood at US$4,147.6, up 0.12%, while CAD/USD was at 0.71095 so far today.

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Nine Mile Metals reports high-grade copper intercept from New Brunswick drilling

Oct 21, 2026 4:56pm ET

The S&P/TSX Composite closed at 36,324.99, up 217.03 points, with technology-sector gains cited as a help while U.S. markets also rose. The Canadian dollar was at US$0.71211 in late-afternoon trading, and investors still saw roughly an 80% chance that the Bank of Canada raises its benchmark rate by 25 basis points to 2.50%. Oil was at US$97.65 in late-afternoon trading, down 0.17, as shipping data showed Middle East crude exports recovering. Ottawa pledged $1 billion over three years toward the Ring of Fire road, matching Ontario, within a larger $8.7 billion support package. Teck reported that strike notice from United Steelworkers Local 7619 has reached its Highland Valley Copper mine in B.C.

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Tuesday Oct 20, 2026

Miata reports 43.0 m at 2.42 g/t Au from Suriname drilling

Oct 20, 2026 7:01am ET

The S&P/TSX Composite finished yesterday down 247.92 points, or 0.69%, at 35,928.63. Most global equity markets were weaker early today, with oil prices still elevated; oil was at US$100.74 in overnight trading, up 2.20. The Canadian dollar was firmer in overnight trading, with CAD/USD at 0.71156, up 0.00290. Macklem expects the Bank of Canada to revise its inflation forecast higher. On Wall Street, the Nasdaq Composite finished yesterday up 1.11% at 26,430.89 as AI-related stocks rebounded, while the Dow Jones Industrial Average slipped 0.07%.

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White Gold reports 5.13 g/t gold over 7.9m at Golden Saddle

Oct 20, 2026 12:31pm ET

The S&P/TSX Composite was up 180.38 points at 36,109.01 in midday trade, a gain of 0.50% so far today, with reports pointing to strength in technology stocks. The Parliamentary Budget Office lowered its growth outlook, citing U.S. tariffs and Canadian countermeasures, and put real GDP at 0.9% this year and 1.5% in 2027, versus earlier figures of 1.1% and 1.6%. The Canadian dollar firmed, with CAD/USD at 0.71178, up 0.44% so far today. Oil was at US$97.80, down 0.75%, and gold was at US$4,144.5, down 0.37%. Albertans voted against separation in the province's referendum, according to projections.

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NowVertical closes initial tranche of $15.1 million brokered placement

Oct 20, 2026 5:11pm ET

The S&P/TSX Composite rose 179.33 points to close at 36,107.96, a gain of 0.50%. The Parliamentary Budget Office cut its growth outlook, citing U.S. tariffs and Canadian countermeasures, and now projects GDP growth of 0.9% this year, from 1.1%, and 1.5% in 2027, from 1.6%. Finance Minister François-Philippe Champagne announced the date for the new federal budget. In late-afternoon trading, the Canadian dollar was at US$0.71128, up 0.37%, while oil was at US$98.24 and gold at US$4,143.2. On Wall Street, the Dow closed up 529.85 while the Nasdaq slipped 6.07.

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Monday Oct 19, 2026

San Lorenzo announces upsized private placement of up to $80 million

Oct 19, 2026 7:01am ET

The S&P/TSX Composite finished Friday at 36,176.55, up 39.45 points. Statistics Canada reports September inflation data today, and Bank of Canada governor Tiff Macklem has warned that persistently high global energy prices will push up the inflation outlook at home. In overnight trading oil was at US$98.07, down 0.95, after President Donald Trump's diesel deal with Russia and his delay of further sanctions raised hopes of more supply. The Canadian dollar was at 0.70986 US early today, up 0.00262. On Wall Street, the Nasdaq Composite fell 2.15% on Friday.

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Cambria Gold drills 8.2 metres of 98.56 g/t gold at Silver Coin

Oct 19, 2026 4:56pm ET

The S&P/TSX Composite closed down 247.92 points at 35,928.63. Statistics Canada reported that annual inflation rose to 3.1% in September from 3.0% in August, with gasoline up 27.8% from a year earlier, a gain it tied to the Middle East conflict. Hawkish remarks from Governor Tiff Macklem pushed money markets toward pricing a Bank of Canada rate hike, even though the inflation reading was softer than expected. In late-afternoon trading the Canadian dollar was at 0.70876 against the US dollar, oil at US$98.43 and gold at US$4,158.0. The Nasdaq Composite closed up 1.11%.

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Friday Oct 16, 2026

San Lorenzo Gold plans financing of up to $40 million

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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Exiro Nickel completes Thompson acquisition as CSE Composite slips

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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Thursday Oct 15, 2026

TSX Venture and CSE slide yesterday; gold and silver firm overnight

Oct 15, 2026 7:01am ET

The S&P/TSX Composite finished yesterday at 35,584.46, down 399.52 points, or 1.11%. On Wall Street, the Nasdaq Composite finished yesterday at 26,692.87, down 1.88%, and the S&P 500 at 7,718.94, down 1.11%, as hotter-than-expected inflation data hit technology shares, according to reports. Asian markets sank early today, with South Korea's Kospi plunging 8%. In overnight trading gold was at US$4,173.4, up 1.59%, and oil at US$94.05, up 0.16%. The Canadian dollar was at US$0.70390 in overnight trading, up 0.21%. A TD report said higher crude prices are a net positive for Canada's economy as a whole, though fuel costs strain households.

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Nine Mile Metals reports VMS drill zones as TSX Venture gains

Oct 15, 2026 12:31pm ET

The S&P/TSX Composite was up 0.76% at 35,854.06 in midday trade. Statistics Canada said manufacturing sales rose 1.5% in August, led by primary metals and chemical products, though one report noted the data did not include full implementation of the latest 50% U.S. tariffs. Oil was up 2.64% at US$96.38 so far today, following reports of a missile attack on Saudi Aramco offices and the sinking of a container ship in the Strait of Hormuz. The Canadian dollar bought US$0.70422. In the US, September producer prices rose 1.3%, and the Dow was up 0.79% so far today.

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TSX and TSX Venture rise as gold and silver climb

Oct 15, 2026 4:56pm ET

The S&P/TSX Composite closed at 36,137.10, up 552.64 points, on broad-based gains. Statistics Canada reported that manufacturing sales rose 1.5% in August, mainly on primary metals and chemical products, while wholesale sales fell 1.6% to $91.6 billion on a basis that leaves out petroleum and grain. In late-afternoon trading, gold was at US$4,191.5, silver at US$57.590 and oil at US$96.17, each higher, while CAD/USD stood at 0.70473. Separately, the International Energy Agency was reported to be speeding up its emergency stock draw, with over 20 million barrels of diesel to be released.

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Wednesday Oct 14, 2026

SSR Mining agrees to acquire Roxmore in $464 million cash deal

Oct 14, 2026 7:01am ET

The S&P/TSX Composite finished yesterday up 0.90% at 35,983.98. In overnight trading oil was at US$94.28, up 1.19%, as reports said Iran plans new tactics against tankers in the Strait of Hormuz. Gold was at US$4,166.6 in overnight trading, down 0.26%, and silver was down 1.32% at US$58.740, with commentary citing Middle East tensions and bets on a Fed rate hike. The Canadian dollar was at 0.70371 US early today, up 0.04%. Lightspeed Commerce said 250 roles will be affected as it lays off staff and leaves some vacancies unfilled.

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Junior indexes drop sharply as silver and gold retreat

Oct 14, 2026 4:31pm ET

The S&P/TSX Composite closed at 35,584.46, down 399.52 points or 1.11%, with losses in basic materials, base metals and technology weighing. Gold was at US$4,121.2 in late-afternoon trading, down 56.1, and silver was at US$55.750, down 6.34%. Oil traded at US$93.93 in late-afternoon trading, up 0.76, as Houthi-Saudi fighting intensified and officials said Iran-backed Houthi rebels struck Aramco's headquarters. The Canadian dollar was at US$0.70222 in late-afternoon trading, down 0.00121. In British Columbia, the real estate board said interest rate hike speculation weighed on September home sales, which fell 9%. On Wall Street, the S&P 500 fell 1.11% and the Nasdaq fell 1.88%.

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Tuesday Oct 13, 2026

Green Shift strikes deal to offload Los Altares to Myriad Uranium

Oct 13, 2026 7:01am ET

The S&P/TSX Composite finished Friday at 35,664.62, up 519.24 points or 1.48%. Statistics Canada's September Labour Force Survey, released Friday, showed 68,000 fewer jobs than in August, with the unemployment rate up 0.1. In overnight trading oil was at US$91.90, down 1.84, as traders weighed Saudi Arabia's pledge to keep exports flowing after Houthi attacks on the kingdom. Gold was at US$4,206.8, up 16.2, while the Canadian dollar was at 0.70143 US, up 0.00126 early today. On Wall Street Friday, the Dow gained 0.38% and the Nasdaq slipped 0.45%.

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SSR Mining agrees to buy Nevada explorer Roxmore; junior indexes fall

Oct 13, 2026 4:31pm ET

The S&P/TSX Composite closed up 319.36 points, or 0.90%, at 35,983.98. In late-afternoon trading, oil was at US$94.69, up 1.01%, and gold was at US$4,186.0, down 0.11%. The Canadian dollar was at US$0.70344 in late-afternoon trading, up 0.47%. TC Energy said it completed the sale of a financial interest tied to its Coastal GasLink pipeline to five B.C. First Nations, with a second transaction expected to close in the fourth quarter. The IMF slightly raised its world growth outlook for this year while warning of risks from rising debt and the AI boom. On Wall Street, the Dow closed down 0.35% and the S&P 500 finished down 0.02%.

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Friday Oct 9, 2026

GoldHaven closes $1.0 million flow-through as junior indexes slide

Oct 9, 2026 7:01am ET

The S&P/TSX Composite finished yesterday at 35,145.38, up 0.30%, while the Nasdaq Composite fell 1.25%. In overnight trading oil was at US$90.59, down 0.98%, with reports pointing to President Trump's promise not to attack Iran and China restarting fuel exports. Gold was at US$4,205.4 in overnight trading, up 1.16%, and CAD/USD was at 0.70244. In Ottawa, Conservatives voted with the Liberals to send Bill C-39 to committee. Statistics Canada is due to report September jobs data this morning.

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Discovery Mining signs deal for McEwen's Timmins properties as metals gain

Oct 9, 2026 12:31pm ET

The S&P/TSX Composite was up 414.66 points, or 1.18%, at 35,560.04 in midday trade. Statistics Canada reported that employment fell by 68,000 in September and the unemployment rate rose to 6.5%, and Canada's 10-year bond yield fell as the weak data weighed on the rate outlook. The Canadian dollar slipped 0.34% to 0.70061 against the U.S. dollar so far today. Gold added 1.47% to US$4,218.0, while oil was nearly flat at US$91.53. Alimentation Couche-Tard said it agreed to buy a group of Irving Oil's retail operations in Quebec and Ontario. Equinor said Shell will take a 30% stake in the Bay du Nord project off Newfoundland.

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

Oct 9, 2026 4:31pm ET

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.

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Thursday Oct 8, 2026

TSX fell 1.70% yesterday; oil jumps overnight on tanker attacks

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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Epic Gold reports inferred gold resource at Ontario's McKinnon deposit

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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TSX Venture and CSE composites fall while main index gains on energy

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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Wednesday Oct 7, 2026

Goliath reports gold-equivalent drill hits at its Golden Triangle project

Oct 7, 2026 7:16am ET

The S&P/TSX Composite finished yesterday at 35,649.51, up 130.96 points or 0.37%. Emera said it would buy Canadian Utilities for $14.3 billion in stock. In overnight trading, oil was at US$90.08, up 0.72%, as stronger Gulf exports competed with concerns over attacks on tankers. Gold was at US$4,140.4, down 1.12%, and the Canadian dollar bought US$0.70309, down 0.11%. Ottawa also gave Stelco's U.S. owner five days to explain its announced layoffs of up to 500 people at the Hamilton plant, with Industry Minister Mélanie Joly accusing the company of breaking commitments on employment levels.

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Altius proposes to buy rest of TNR Gold amid proxy fight

Oct 7, 2026 4:31pm ET

The S&P/TSX Composite closed down 607.65 points, or 1.70%, at 35,041.86, with losses in basic materials weighing on the index. Gold traded at US$4,132.8 in late-afternoon trading, down US$54.3, and silver at US$59.940 was also lower, while the Canadian dollar was at US$0.70118, down 0.38%. Industry Minister Mélanie Joly said Stelco's U.S. owner Cleveland-Cliffs cannot cite the trade war as grounds for job cuts, pointing to its earlier commitments. Fairfax Financial said it is partnering with Wittington Investments to acquire The Boots Group. On Wall Street, the S&P 500 closed down 0.22% at 7,801.77.

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Tuesday Oct 6, 2026

Banyan Gold reports new Yukon drill results from AurMac project

Oct 6, 2026 12:31pm ET

The S&P/TSX Composite was up 0.50% at 35,695.03 in midday trade. Statistics Canada reported that the August merchandise trade surplus widened to $4.2 billion from $787 million in July, with exports up 2.5% and imports down 2.0%; media reports tied the export gain to shipments rushed to the U.S. ahead of new tariffs. Utilities and financials were cited as supporting the index, and Emera said it would buy Canadian Utilities for $14.3 billion in stock. So far today the Canadian dollar was up 0.26% at 0.70305 US, oil was down 0.46% at US$89.02 and gold was up 0.81% at US$4,190.4.

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Franco-Nevada buys 12.4% stake in TSXV explorer Kenorland Minerals

Oct 6, 2026 4:31pm ET

The S&P/TSX Composite closed up 130.96 points, or 0.37%, at 35,649.51. Statistics Canada reported that the August merchandise trade surplus widened to $4.2 billion from $787 million in July, the sixth consecutive monthly surplus, with exports up 2.5% and imports down 2.0%. Media reports linked the export gain to exporters boosting deliveries south of the border ahead of new tariffs. In late-afternoon trading the Canadian dollar was at US$0.70368, up 0.35%, while gold was at US$4,195.6 and oil at US$89.90. Separately, Emera said it would buy Canadian Utilities for $14.3 billion in stock.

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Monday Oct 5, 2026

Cenovus agrees to buy Athabasca Oil as Suncor sells East Coast stakes

Oct 5, 2026 12:31pm ET

The S&P/TSX Composite was down 0.09% at 35,469.80 in midday trade. Cenovus agreed to buy Athabasca Oil for $12.00 per share, an implied enterprise value of $5.7 billion, while Suncor signed a deal with Ithaca Energy to sell its interests in several Newfoundland offshore oil projects. Oil was off 1.04% at US$90.16 so far today, with shipping data showing Gulf exports above pre-war levels and the G7 announcing a 100 million barrel stock release. Canada's services PMI showed a fourth straight monthly contraction in September, while the US ISM services reading was 54.9%.

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Surge Battery Metals' Nevada North study shows US$9.81 billion after-tax NPV

Oct 5, 2026 4:31pm ET

The S&P/TSX Composite closed at 35,518.55, up 15.90 points, with technology stocks helping lift the index. Energy dealmaking dominated the news: Cenovus agreed to buy Athabasca Oil in a $5.7 billion cash-and-stock deal, and Suncor agreed to sell its East Coast offshore stakes to Ithaca Energy. Oil was at US$89.38 in late-afternoon trading, down 1.90%. Separately, seven major producers agreed to keep November production steady. The Canadian dollar traded at US$0.70113, down 0.09%. On Wall Street, the Nasdaq Composite closed up 1.02% and the S&P 500 gained 0.66%.

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Friday Oct 2, 2026

Evergold reports 7.70 g/t gold over 4.9 metres in B.C. drilling

Oct 2, 2026 5:26pm ET

The S&P/TSX Composite gained 347.89 points, or 0.99%, to close at 35,502.65, as investors weighed the resilience of the Canadian economy against higher bond yields and trade tensions. G7 leaders announced a coordinated drawdown of 100 million barrels from reserves, beginning with diesel, while oil closed at US$91.26, down 1.73%. The Canadian dollar slipped 0.20% to US$0.70175. A senior deputy governor at the Bank of Canada said the key rate is too blunt to fix housing affordability alone. In the US, payrolls rose by just 29,000 in September with unemployment at 4.2%, which eased expectations of an October Fed hike.

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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.


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