Canada Stock Market (TSX) Today (October 09): The Canadian stock market climbed on Friday, October 9, as investors assessed a surprisingly weak September jobs report, rising gold prices and strong corporate earnings. The latest employment figures showed that Canada lost 68,300 jobs during the month, sharply missing expectations for job growth. The data pushed government bond yields lower and reduced expectations of an immediate interest rate increase by the Bank of Canada.
Gold-related stocks attracted attention as bullion prices moved above US$4,200 an ounce. Retailer Aritzia also surged after reporting strong second-quarter fiscal 2027 results, while Richelieu Hardware gained following an increase in quarterly sales and earnings.
Canada Stock Market (TSX) Today (October 09): Why Is the Canadian Stock Market Up Today?
The S&P/TSX Composite Index advanced in early trading on Friday as investors reacted to Canada’s weaker-than-expected employment figures. The benchmark index rose approximately 0.92% to 35,462.14 points in early trading.
Statistics Canada reported that the country lost 68,300 jobs in September, compared with economists’ expectations for an increase of around 7,000 positions. The unemployment rate also increased to 6.5% from 6.4% in August.
The disappointing report strengthened expectations that the Bank of Canada could maintain its current interest rate rather than raise borrowing costs immediately. Lower bond yields supported equities by potentially easing pressure on companies and consumers.
However, investors continued to monitor inflation, commodity prices and the outlook for interest rates. Markets were still considering the possibility of a rate increase later in the year.
Gold prices also supported sentiment across parts of the Canadian market, while company-specific earnings announcements drove significant moves in individual stocks.
Canada Stock Market (TSX) Today (October 09): S&P/TSX Composite
The S&P/TSX Composite Index moved higher after the employment report indicated a sharper slowdown in Canada’s labour market than economists had anticipated.
The index had closed Thursday at 35,145.38, gaining 103.52 points, or approximately 0.3%. Friday’s early advance extended the recovery after the benchmark suffered a substantial decline earlier in the week.
Gold and materials stocks remained in focus as bullion prices strengthened. Investors also watched energy shares as crude oil prices eased, while the latest employment figures influenced expectations for the Bank of Canada’s next policy decision.
S&P/TSX Composite Index Today: Market Snapshot
| Date | October 9, 2026 |
| Previous Close | 35,145.38 |
| Early Trading Level | 35,462.14 |
| Early Trading Change | +0.92% |
| Major Market Driver | September Employment Report |
| Other Key Factors | Gold Prices, Bond Yields and Corporate Earnings |
Note: The index level and percentage change reflect an early-trading update, not the final closing figures.
Canada Stock Market (TSX) Today (October 09): S&P/TSX 60 Today
The S&P/TSX 60 Index, which tracks 60 of Canada’s largest companies, was also in focus as investors assessed the employment report and movements across major sectors.
Large-cap financial, energy, materials and technology companies can influence the index’s performance. Friday’s trading direction reflected the broader market’s response to lower bond yields, changing interest rate expectations and movements in commodity prices.
S&P/TSX 60 Index Today: Market Snapshot
| Date | October 9, 2026 |
| Reported index level | 2,094.28 |
| Reported change | +1.14% |
| Key factors | Employment data, interest rate expectations and commodity prices |
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