Canada's benchmark S&P/TSX composite index closed up 241.20 points, or 0.67%, at 36,411.70 on Wednesday, lifted by a technology rally and gains among energy producers, according to exchange data. This upward movement partially offset Tuesday's 275.81-point drop, which was triggered by unexpected U.S. inflation data and a decline in Nvidia shares.

By the numbers

  • S&P/TSX composite index: 36,411.70, up 241.20 points (+0.67%)
  • Canadian dollar: 70.49 US cents, down from 70.83 US cents
  • WTI crude oil: US$86.53 a barrel, up 0.57%
  • Gold: US$4,000.50 an ounce, down 0.74%
  • S&P 500 (New York): 7,619.38, up 98.45 points (+1.31%)

Closing figures for Wednesday, November 11, 2026. Oil and gold are front-month futures prices. Market data: Yahoo Finance.

Read also TSX Falls 0.76% as Hot US Inflation Hits Gold Miners

What moved the market

Technology led the way, with Canadian tech names gaining about 2.9% after U.S. cloud firm CoreWeave posted strong quarterly results late Tuesday. Reuters reported that these figures helped settle investor fears regarding the scale of artificial intelligence spending while interest rates remain elevated, and CoreWeave told investors it expects to turn a profit in the first half of 2028.

Energy shares also rose as crude oil advanced. West Texas Intermediate settled at US$86.53 a barrel, up 0.57%, with reports pointing to geopolitical tension in Iran as a factor. Financials, industrials and consumer staples finished higher, while materials and gold miners slipped as bullion fell 0.74% to US$4,000.50 an ounce.

The Canadian dollar weakened to 70.49 US cents from 70.83 US cents on Tuesday. In New York, the S&P 500 rose 1.31% to 7,619.38, with Nvidia recovering after two straight losing sessions.

Stocks and sectors that stood out

Celestica climbed about 8% and Kinaxis added more than 6%, both reaching record levels, according to Investing.com. Shopify gained 2.1%, and the big banks were modestly higher.

On the losing side:

  • Lithium Americas fell 12.27% after lifting the cost estimate for the first phase of its Thacker Pass project in Nevada by 31% to US$3.83 billion.
  • Boyd Group dropped 12.22% after its third-quarter adjusted profit missed estimates.
  • Superior Plus lost 6.68%, closing at an all-time low.
  • Gold miners declined, with Franco-Nevada down 2.4% and Agnico Eagle down 2.0%.

What to watch next

Investors will be watching whether the AI rebound lasts after last week's turbulence. A summary of Bank of Canada deliberations indicated that officials are considering further interest rate hikes while maintaining a cautious approach, according to one report. Barrick Mining has filed for a New York listing of a subsidiary that will hold its North American gold assets, and Power Corporation and Franco-Nevada were due to report results after Wednesday's close.

FAQ

How did the S&P/TSX composite index close on Wednesday?

The index gained 241.20 points, or 0.67%, to end at 36,411.70, its third advance in four sessions. It is up 14.82% so far this year.

Why did the TSX rise?

Technology shares jumped nearly 3% after CoreWeave's strong results revived confidence in AI spending, and energy stocks rose alongside oil prices. Weaker gold weighed on miners.