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Daily Markets Update: TSX Rises, U.S. Tech Stocks Slide as Oil Surges

   Friday, October 9, 2026 Daily Markets Update: TSX Rises, U.S. Tech Stocks Slide as Oil Surges Canadian shares edged higher on Thursday, while technology stocks dragged down the Nasdaq and S&P 500. Oil prices jumped amid renewed Middle East supply concerns, keeping inflation and interest rates in focus. Data timing: Canadian and U.S. stock-market figures below are official closing levels for Thursday, October 8, 2026. International markets reflect their latest reported completed session. Friday’s North American trading was still underway when this update was prepared. Markets at a glance Index / Asset Latest close Daily move S&P/TSX Composite 35,145.38 +103.52 (+0.30%) Dow Jones Industrial Average 51,231.64 +51.77 (+0.10%) S&P 500 7,765.36 −36.41 (−0.47%) Nasdaq Composite 27,193.34 −345.35 (−1.25%) WTI crude oil (November contract) US$91.49/barrel +US$3.21 Gold (December futures) US$4,157.00/oz +US$16.30 Canadian dollar US$0.7022 Up from US$0.7014 Canadian Press...
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Conservatives Leverage Singh's Critique in Non-Confidence Motion


In a strategic move, the Conservative Party plans to introduce a non-confidence motion next week, utilizing NDP Leader Jagmeet Singh's own words to challenge the minority Liberal government. The motion quotes Singh's criticism of the Liberals, accusing them of succumbing to corporate greed by ordering binding arbitration in labor disputes involving the nation's largest rail yards.

The proposed motion aims to persuade New Democrats to join forces with the Conservatives, declaring a loss of confidence in Prime Minister Justin Trudeau and his government. If successful, this motion could trigger an immediate election, a scenario the Conservatives are eager to see.

Government House Leader Karina Gould has announced plans to schedule opposition days for both the Conservatives and the NDP next week, providing a platform for this critical motion. The outcome of this political maneuver remains uncertain, as the NDP has previously taken a case-by-case approach to non-confidence votes.

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