TORONTO – In the financial markets, Canada's main stock index has shown positive momentum in late-morning trading, driven largely by robust performance in the base metal sector. This uptick aligns with a general upward trend observed in U.S. stock markets, suggesting a favorable economic environment for investors.
The S&P/TSX composite index registered an increase of 54.26 points, bringing it to a total of 33,830.76 points. This rise highlights investor confidence in the Canadian market, particularly within sectors that have seen recent strength.
Meanwhile, across the border in the United States, key stock indices also experienced significant gains. The Dow Jones industrial average rose by 365.79 points, now standing at 49,169.85 points. The S&P 500 index followed suit, climbing 38.44 points to reach 6,876.19 points, while the Nasdaq composite index noted an impressive increase of 198.95 points, bringing its total to 22,826.22 points. These fluctuations indicate a strong performance across multiple sectors of the U.S. economy, buoyed by encouraging economic indicators.
The Canadian dollar, however, saw a slight decline against its American counterpart, trading at 72.97 cents U.S., down from 73.05 cents U.S. the previous day. This minor dip might reflect overall market conditions and investor sentiment towards the Canadian economy relative to the U.S.
In the commodities market, crude oil prices experienced a decrease, with the April crude oil contract dropping by 42 cents U.S., bringing it to a price of US$65.89 per barrel. Similarly, the April gold contract faced a significant decline, falling by US$63.70 to settle at US$5,161.90 an ounce. These price movements reflect ongoing volatility in commodity prices, influenced by various domestic and international factors.
This news report was initially published on February 24, 2026, highlighting the dynamic state of financial markets in both Canada and the United States. Investors remain attentive to the trends and price changes, which affect portfolios and economic forecasts moving forward.
Companies mentioned in this report include those indexed on the TSX, specifically TSX:GSPTSE and TSX:CADUSD, which are closely monitored by market analysts and investors for insights on market performance.
