CANADA STOCKS-Energy stocks weigh on TSX as oil prices ease
Reuters2026/10/05 14:25By Avinash P Oct 5 (Reuters) - Canada's resource-heavy main stock index fell on Monday as lower oil prices weighed on energy stocks, though gains in technology shares limited losses, while investors parsed economic data and reassessed interest rate expectations. The Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE was down 0.2% at 35,441.80 points by 10:10 am ET, after rising nearly 1% on Friday. Lower oil prices weighed on the energy sector .SPTTEN, which was down 0.9% on Monday, leading sector-wise losses The mining linked-materials sector .GSPTTMT fell 0.8%, while the information technology index .SPTTTK gained 1.9% Investors recalculated their monetary policy expectations after soft US jobs data last week eased fears of an imminent Fed rate increase. Traders are currently pricing in a roughly 20% chance of a rate hike at the U.S. central bank's meeting later this month, according to CME's FedWatch tool. While odds of an October rate hike by the Bank of Canada have receded, investors still expect the central bank to raise lending rates at least once before the end of 2026, according to LSEG-compiled data "The question is whether it is simply a 25-basis-point move or the beginning of a broader rate-hike cycle... that is what is causing some angst and why we have seen a little volatility in the Canadian market lately," said Shiraz Ahmed, founder and CEO of Sartorial Wealth Among individual movers, Canada's Suncor Energy SU.TO fell 1.2% after it agreed to sell its interests in three offshore oil assets to Ithaca Energy ITH.L for C$1.2 billion ($841.69 million) Cenovus Energy CVE.TO fell 4.1% after saying it would acquire Athabasca Oil ATH.TO in a cash-and-stock transaction valued at C$5.7 billion ($4.00 billion). Athabasca Oil jumped more than 15% On the data front, Canada's services economy contracted for a fourth straight month in September amid economic uncertainty, S&P Global's Canada services PMI data showed. (Reporting by Avinash P in Bengaluru; Editing by Tasim Zahid) ((Avinash.P@thomsonreuters.com
By Avinash P
Oct 5 (Reuters) - Canada's resource-heavy main stock index fell on Monday as lower oil prices weighed on energy stocks, though gains in technology shares limited losses, while investors parsed economic data and reassessed interest rate expectations.
The Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE was down 0.2% at 35,441.80 points by 10:10 am ET, after rising nearly 1% on Friday.
Lower oil prices weighed on the energy sector .SPTTEN, which was down 0.9% on Monday, leading sector-wise losses
The mining linked-materials sector .GSPTTMT fell 0.8%, while the information technology index .SPTTTK gained 1.9%
Investors recalculated their monetary policy expectations after soft US jobs data last week eased fears of an imminent Fed rate increase. Traders are currently pricing in a roughly 20% chance of a rate hike at the U.S. central bank's meeting later this month, according to CME's FedWatch tool.
While odds of an October rate hike by the Bank of Canada have receded, investors still expect the central bank to raise lending rates at least once before the end of 2026, according to LSEG-compiled data
"The question is whether it is simply a 25-basis-point move or the beginning of a broader rate-hike cycle... that is what is causing some angst and why we have seen a little volatility in the Canadian market lately," said Shiraz Ahmed, founder and CEO of Sartorial Wealth
Among individual movers, Canada's Suncor Energy SU.TO fell 1.2% after it agreed to sell its interests in three offshore oil assets to Ithaca Energy ITH.L for C$1.2 billion ($841.69 million)
Cenovus Energy CVE.TO fell 4.1% after saying it would acquire Athabasca Oil ATH.TO in a cash-and-stock transaction valued at C$5.7 billion ($4.00 billion). Athabasca Oil jumped more than 15%
On the data front, Canada's services economy contracted for a fourth straight month in September amid economic uncertainty, S&P Global's Canada services PMI data showed.
(Reporting by Avinash P in Bengaluru; Editing by Tasim Zahid)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Dollar Index slips from its 18-month high

Monnalisa shares delist from Euronext Growth Milan
Monnalisa’s delisting from trading on Euronext Growth Milan took effect today. The company is preparing a shareholder buyback process led by Modamet and Jafin Due for investors seeking to sell. Further details are due in coming days on the purchase window and a single settlement date for the transactions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Monnalisa S.p.A. published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.
Updated version 3 - Becton Dickinson commits to invest 19 billion dollars in an agreement with the government.
BD will invest $3 billion to expand its manufacturing operations in the United States, aiming to increase the proportion of critical medical supplies sourced domestically to approximately 80%. The agreement links the company’s U.S. manufacturing commitments to tariff relief. Information about the stock price was added in the third paragraph, analyst commentary in the sixth paragraph, and background information in the eleventh paragraph. Siddhi Mahatole, Reuters, October 6 — Becton Dickinson and Company (BDX.N) has become the first major U.S. medical device manufacturer to sign an agreement with the U.S. government to expand domestic manufacturing, with a pledge to invest $19 billion in the coming years in exchange for protection against future tariffs. Under the agreement, the company said on Tuesday it plans to make capital, operational, and supply chain investments in the U.S., with $3 billion specifically allocated to strategic manufacturing facilities across the country. Shares of the medical device maker rose 2.4% in early trading. This deal is one of several measures by the Trump administration to encourage domestic healthcare manufacturing through the threat of tariffs, with several major pharmaceutical companies having already committed billions of dollars toward building and expanding production and R&D facilities in the U.S. The agreement ties BD’s U.S. manufacturing commitments to future exemptions from tariffs on related products and raw materials under Section 232, depending on the final scope of the measures and whether the company achieves agreed-upon milestones. Jefferies analyst Matthew Taylor commented, “We believe clarity on tariff policy, or tariff impacts being potentially ‘not as bad as feared,’ could be an inflection point for the medtech sector.” He added, “We are curious if there are more medtech-related announcements pending.” The company plans to increase annual U.S. production by around 5 billion basic medical supply units, raising the domestic supply share to roughly 80%. BD also intends to use U.S.-made steel to manufacture all needles for the U.S. market domestically. Becton Dickinson stated that, as the final tariff rates, product range, and implementation timelines remain undetermined, the financial impact of the agreement has not been quantified yet. This announcement builds on President Donald Trump’s Monday statement that the company has agreed to invest $3 billion to shift basic medical product manufacturing to the U.S., with more than $1 billion allocated to Nebraska. In January this year, Becton Dickinson announced a $110 million investment to expand the production of prefilled syringes and needles in Columbus, Nebraska, expected to create about 120 jobs. Syringe products are expected to start shipping to customers by mid-2026.
ICE brings futures trading to London’s $190 billion-a-day physical gold market