On November 26, 2025, the Canadian stock market demonstrated significant upward momentum, largely driven by the strength of the base metals sector. The S&P/TSX composite index experienced a notable increase of 193.80 points, bringing it to a total of 31,094.45 points in late-morning trading. This rise reflects a robust investor sentiment in the commodities market, particularly in metals, which are crucial to various industrial and economic activities.

Meanwhile, U.S. stock markets also showed positive trends on the same day. The Dow Jones industrial average surged by 363.11 points, reaching a new level of 47,475.56. In addition, the S&P 500 index rose by 55.67 points, climbing to 6,821.55, while the Nasdaq composite experienced an increase of 216.60 points, settling at 23,242.19. Collectively, these gains in the U.S. market illustrate a broader bullish activity across major indices, suggesting a favorable environment for investors.

In the currency markets, the Canadian dollar strengthened against the U.S. dollar, trading at 71.16 cents US, an increase from the previous day’s rate of 70.90 cents US. This rise in the Canadian dollar may be reflective of the overall positive performance in equity markets and could bolster confidence in the Canadian economy, particularly in sectors tied closely to exports and commodities.

In commodities, the January crude oil contract was slightly up by four cents US, standing at US$57.99 per barrel. This modest increase in oil prices plays a critical role in the Canadian economy, given its dependence on the energy sector. Conversely, the February gold contract experienced a more substantial rise, increasing by US$20.10 to reach US$4,197.40 an ounce. The performance of gold is often viewed as a safe-haven asset during times of economic uncertainty, which could indicate investor caution despite the current buoyancy in stock markets.

Overall, the trading session illustrates a positive outlook on both Canadian and U.S. markets, fueled by strong performances in base metals and significant movements in the equity and commodity markets. The advance in these sectors could be indicative of underlying economic strengths, which may influence market strategies and investor sentiment in both regions going forward.