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Daily Markets Update: TSX Up 0.9% on the Week, Wall Street’s Best Week Since August, Gold Slumps (Nov 14)

  DAILY MARKETS UPDATE  |  Saturday, November 14, 2026  |  Covers Friday’s close Stocks ended a turbulent week with a split decision on Friday, but the weekly scoreboard was green almost everywhere. Canada’s S&P/TSX Composite slipped 31.29 points to 36,105.90, yet still finished the week up about 0.9%. On Wall Street, the S&P 500, Nasdaq and Dow all posted weekly gains, snapping four-week losing streaks for the S&P 500 and the Nasdaq, even as Nvidia kept sliding after CEO Jensen Huang’s sudden exit. Gold, meanwhile, had its worst week in months, oil edged lower for a second straight week, and the Canadian dollar closed at about 70.14 cents US. Friday’s Big Picture TSX: ▼ 0.09% to 36,105.90 on the day; ▲ ~0.9% on the week. Wall Street: S&P 500 ▼ 0.4% on the day but ▲ 2.5% on the week, its best week since August. Gold: about US$3,880 an ounce, down roughly 4.5% to 5% on the week after touching its lowest level since October 2025 on Thursday...
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Liberals' GST Break Expected to Pass Today

 

Legislation to create a two-month-long GST holiday is expected to pass today in the House of Commons. The bill, introduced by Finance Minister Chrystia Freeland, aims to provide temporary relief to Canadians by eliminating the GST on a variety of holiday essentials from December 14, 2024, to February 15, 2025. 

The GST holiday will cover items such as children's clothes and toys, video games and consoles, Christmas trees, restaurant and catered meals, wine, beer, candy, and snacks. The government estimates that a family spending $2,000 on these items could save between $100 and $260, depending on the province.

The NDP has agreed to support the bill after Freeland separated the GST break from a proposed $250 rebate for working Canadians, which the NDP wants expanded to include non-working seniors and people with disabilities. The bill is expected to pass with the help of the NDP, despite opposition from the Conservatives, who have criticized the GST break as a "cheap gimmick".



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