TSX, S&P 500 and Nasdaq jump as oil slide eases inflation worriesUpdated Nov 9, 2026 4:57pm ET Markets: The S&P/TSX Composite closed at 36,446.26, up 657.17 points or 1.84%, helped by gains in basic materials, while the S&P 500 finished at 7,549.94, up 173.08 points or 2.35%, and the Nasdaq Composite at 25,253.14, up 673.72 points or 2.74%. Reports tied the rally to a slide in oil that cooled inflation worries, and tech rose even as Nvidia fell amid controversy over its chief executive. Oil traded at US$87.09 in late-afternoon trading, down 3.74 or 4.12%, as renewed Iran peace hopes weighed on crude. Gold traded at US$4,147.8, up 72.9 or 1.79%, in the same late-afternoon period, and the Canadian dollar stood at 0.70841 U.S. dollars. Bitcoin futures traded at 74,955, down 1,000 or 1.32%, in late-afternoon trading, as crypto prices gave ground while stocks rose. The S&P/TSX Venture Composite closed at 836.03, up 14.00, and the CSE Composite at 133.07, up 2.71. Oil: Crude dropped sharply as fresh hopes for an Iran peace arrangement reduced fears of Middle East supply disruptions. According to a media report citing unnamed sources, a Qatari-Pakistani mediation proposal revived negotiations over Tehran's nuclear program, and Washington was prepared to let Iran keep enriching uranium. That report put Brent down 7%, even with a fresh Saudi pipeline attack. Strathcona Resources: Strathcona Resources agreed to buy Greenfire Resources, combining two Canadian oil sands and heavy oil producers. One report put the deal at up to $2.9 billion counting debt, while another cited about US$1.9 billion. Waterous Energy Fund, a controlling shareholder in both companies, backs the purchase. The companies said the merged business would be an oil sands major offering faster growth than larger rivals. Stellantis: Stellantis signed an agreement to sell its idled Brampton, Ont., assembly plant to Roshel, a Canadian defence contractor, for an undisclosed amount. Unifor had earlier said it believed the sale had happened. The Industry Minister called on the automaker to meet government officials and the union this week about protecting jobs in the city. Barrick Mining: Barrick said it plans an IPO of its North American gold unit, with a filing targeted this month. The company reiterated that it wants the primary listing in New York, which seemingly ends the idea of a secondary Toronto listing for the unit, according to coverage of the announcement. PSP Investments: PSP Investments agreed to pay $1.6 billion for a 50% stake in Enercare, the home services company that sits within Brookfield. The Public Sector Pension Investment Board said it signed the deal. It extends a growing run of Canadian investments by the public-sector pension plan. Canagold Resources: Canagold Resources said its latest assays keep confirming and expanding a high-grade gold and antimony zone at New Polaris, a mine project in British Columbia's Golden Triangle. One hole returned 37.7 g/t gold and 4.57% antimony over 4.6m, according to the company, which described the zone as continuing to grow with drilling. Graycliff Exploration: Hole J-62-26 at CSE-listed Graycliff's Shakespeare project near Sudbury, Ontario, returned 115.25 g/t gold across 6.0 metres, the company reported, including one metre at 551 g/t. An analysis of the release noted that most of the headline total comes from that single metre of core. Benton Resources: Benton Resources, listed on TSXV, plans to hive Anchor Metals off as a new exploration company holding Great Burnt, its copper-gold project in Newfoundland and Labrador, under a definitive arrangement agreement. Anchor is expected to hold about $10 million at the outset, and Benton hands its interest to Anchor under the deal. Market data
Closing index levels; commodities and currencies are late-afternoon trading, not settlements. Nov 9, 2026 4:55pm ET TSX Venture most active
Nov 9, 2026 4:45pm ET TSX Venture gainers
Nov 9, 2026 4:45pm ET CSE most active
Nov 9, 2026 4:44pm ET CSE gainers
Nov 9, 2026 4:44pm 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. Also on Nov 9, 2026
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