NewsSignals AI analysis·Trading Economics·Nov 2, 2026

Canadian Stocks Rise on Monday

Grade Abullish AI signal$SPTSX$XAU$WTI$BRENT

Canada's S&P/TSX Composite Index rebounded 0.5% to 35,801 points on Monday, recovering part of Friday's steepest single-day decline in nearly six months. Financials, materials and industrials advanced, while energy stocks weakened as oil prices plunged more than 7%; Trump also announced a framework for a potential new trade agreement with Canada. Improving trade discussions and strength in financial stocks could support further gains in Canadian equities, although continued energy weakness may limit the recovery.

Bullish strength: 65/100

S&P/TSX Composite gained 0.5% to 35,801 points.
Financials, materials and industrials supported the rebound.
A framework for a new US-Canada trade agreement was announced.
Royal Bank of Canada gained 0.8% and Bank of Montreal rose 1.1%.

Bearish strength: 35/100

The index was only partially recovering from Friday's steep decline.
Energy stocks weakened as oil prices fell more than 7%.
Canadian Natural Resources dropped 4.2%.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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