S&P/TSX composite jumps more than 600 points, U.S. stocks soar after midterms

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TORONTO — Canada’s main stock index was up more than 600 points, while U.S. markets also posted big gains after the U.S. midterm elections saw Democrats take control of Congress.

The S&P/TSX composite index was up 602.01 points at 36,134.29.

• Real-time TSX market updates here

In New York, the Dow Jones industrial average was up 1,325.76 points at 53,112.48. The S&P 500 index was up 114.23 points at 7,683.15, while the Nasdaq composite was up 408.98 points at 25,780.99.

The Canadian dollar traded for 71.62 cents US compared with 71.46 cents US on Tuesday.

• S&P 500 market updates here

The December crude oil contract was down US$4.29 at US$91.80 per barrel.

The December gold contract was up US$116.20 at US$4,056.60 an ounce.

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This report by The Canadian Press was first published Nov. 4, 2026.