Canada Stocks: TSX gains powered by tech, financial stocks

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21/09/2026 21:37

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By Darshan Kumar R and Avinash  P
Sept 21 (Reuters) - Canada's main stock index gained on Monday, led by technology and financial stocks, as investors digested the Bank of Canada's comments on inflation and growth. 
The S&P/TSX Composite Index .GSPTSE was up 0.57% at 36,009.40.
Wall Street surged, lifted by gains in Advanced Micro Devices and other AI heavyweights. .N In Canada, the technology index .SPTTTK rose 2.96%. 
"It (TSX) is getting imposed by the technology sector. Shopify, no doubt, is a big gainer on that front," Angelo Kourkafas, senior global strategist-investment strategy at Edward Jones. "More broadly, mega cap tech is reasserting leadership."
Shares of Shopify SHOP.TO, Canada's third largest company, rose 7.8% while those of Blackberry  BB.TO 7%. 
Bank of Canada Governor Tiff Macklem said US tariffs could slash Canada's fourth-quarter growth to below 1%, reflecting a new wave of uncertainty that threatens to hit investment and hiring. Macklem said the bank had to take into consideration the fact that while slower growth could drag inflation downwards, the Middle East conflict could push it up as oil prices soar.
The financials index .SPTTFS, housing the country's biggest banks and insurers, was up 1.4%. 
Oil prices dipped to the psychological threshold of $100 a barrel as investors hoped for diplomatic progress on the Iran war at this week's UN meeting, and eyed a partial recovery in shipments from Saudi Arabia. O/R
Heavyweight energy stocks .SPTTEN fell 2.5%. The broader mining index .GSPTTMT fell 0.7%.
Investors will also be on the lookout for retail sales data due later this week for cues on consumer spending amid increasing inflationary fears.

 (Reporting by Darshan Kumar and Avinash P in Bengaluru and Nivedita Balu in Toronto; Editing by Diti Pujara and Alistair Bell)
 ((darshan.kumar@thomsonreuters.com))