Gold and silver climb as oil slides, lifting TSX and TSX Venture

Updated Nov 2, 2026 12:31pm ET

Markets

The S&P/TSX Composite was up 409.19 points, or 1.15%, at 36,029.22 in midday trade. Oil was down 7.29% at US$96.53 as hopes grew for a US-Iran peace deal, and a crude slide lifted sentiment on the TSX. Gold was up 2.03% at US$3,978.2 and silver up 3.50% at US$51.000. Canada's October factory PMI fell to 49.6, its first dip below 50 since December. A Blackstone-led investor group that includes Canadian institutions agreed to invest US$3.1 billion for 49.9% of the Mitsubishi unit holding an LNG Canada interest. The S&P 500 was up 0.55%, while the US ISM manufacturing PMI came in at 55.5%.

Venture & CSE

The S&P/TSX Venture Composite was up 8.75 points, or 1.09%, at 812.53 in midday trade, while the CSE Composite was down 1.82 points, or 1.35%, at 133.27. Ontario added Mayfair Gold's Fenn-Gib gold project near Timmins to its accelerated permitting program, the fourth project selected. In Quebec, Gold Fields won the province's main environmental approval for Windfall, allowing underground development to restart as it prepares a final investment decision. Gold X2 Mining reported it signed a property purchase agreement with Bold Ventures and completed its Coldstream claims acquisition. On the CSE, Humanoid Global highlighted a US$50 Million raise by portfolio company Formic, led by Mercato Partners. Gold and silver both traded higher so far today.

Market data

Nov 2, 2026 12:25pm ET

TSX Venture most active

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TSX Venture gainers

Nov 2, 2026 12:25pm ET

CSE most active

Nov 2, 2026 12:24pm ET

CSE gainers

Nov 2, 2026 12:24pm 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.