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Daily Markets Update: Weak U.S. Jobs Report Snaps TSX Slide as Loonie Sinks Near 70¢ US

CANADIAN MONEY BRIEF  |  DAILY MARKETS UPDATE  |  SATURDAY, OCTOBER 3, 2026 Stock markets are closed for the weekend, so here is where things stood at Friday's close. Bay Street and Wall Street both rallied after a surprisingly weak U.S. jobs report cooled bets on another Federal Reserve rate hike this month. The Canadian dollar, however, didn't get the memo: it slid to roughly 70.2 cents US , near an 18-month low. The S&P/TSX Composite gained 0.99% to 35,502.65 , snapping a four-session losing streak. It still finished the week down about 0.8% , and sits roughly 3.9% below its August record close. Friday's Scoreboard Index Close Change % Chg S&P/TSX Composite 35,502.65 +347.89 +0.99% Dow Jones 51,176.96 +250.40 +0.49% S&P 500 7,722.72 +56.27 +0.73% Nasdaq Composite 27,190.86 +319.27 +1.19% STOXX Europe 600 631.35 +4.70 +0.75% Nikkei 225 68,309.24 −647.26 −0.94% Hang Seng 23,972.29 −640.98 −2.60% Closing levels for Friday, October 2, 2026. Week-over-week:...
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Pierre Poilievre Faces Defeat in Ottawa-Area Riding Amid Federal Election Shake-Up

 

In a surprising turn of events during Canada's 2025 federal election, Conservative leader Pierre Poilievre is projected to lose his long-held seat in the Carleton riding. With two polls yet to report, Liberal candidate Bruce Fanjoy has taken the lead, marking a significant shift in the political landscape.

Poilievre, who has represented the Ottawa-area riding since 2004, faced a strong challenge from Fanjoy, whose campaign emphasized affordable housing and cost-of-living solutions. This defeat comes as a personal blow to Poilievre, who had previously secured the riding with a comfortable margin in past elections.

The broader election results indicate a Liberal victory nationwide, with Mark Carney poised to lead the government. While the Conservatives have made gains in other areas, Poilievre's loss underscores the unpredictable nature of this election.


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