The TSX edges up 0.04% as tech offsets energy, and the loonie holds near 70 US cents
The S&P/TSX Composite Index closed at 35,518.55, up 15.90 points, after falling as much as 0.5% to about 35,304 in the morning. Friday's close was 35,502.65. Energy stocks dragged early as oil eased, and Cenovus shares fell on its Athabasca deal, but technology shares carried the index into positive territory. The Canadian dollar closed near 70.16 US cents, or C$1.4253 per U.S. dollar, from 70.20 cents Friday. In New York the Nasdaq Composite rose 1.05% to a record 27,477.31 and the S&P 500 rose 0.66% to 7,773.95. West Texas Intermediate settled near US$89.43, down 1.8%, and gold near US$4,156.80.
A flat day hides two cross-currents. Falling oil is a drag on a market where energy is a big weight, while a record Nasdaq pulls the technology share of the TSX higher. The loonie has lost ground for four straight weeks, which makes imports and U.S. travel dearer.
If you hold a broad Canadian ETF, Monday (Oct. 5) was a rounding error. If you plan to travel or buy in U.S. dollars, you are paying about 42 cents more per dollar than at parity. If you hold Cenovus, expect volatility until the December close.
The one number to watch is 70 US cents. A close below it would extend a four-week slide. Oil near US$89 is the other number to watch.
DailyDrop Canada edition No. 1 · Morning · MON., OCT. 5, 2026