TORONTO — Canada’s main stock index jumped nearly 500 points, while U.S. stock markets also shot higher in early trading after midterm elections in the United States saw the Democrats take control in both houses of Congress.
The S&P/TSX composite index was up 480.11 points at 36,012.39.
In New York, the Dow Jones industrial average was up 1,173.36 points at 52,960.08. The S&P 500 index was up 102.23 points at 7,671.15, while the Nasdaq composite was up 310.72 points at 25,682.73.
The Canadian dollar traded for 71.68 cents US compared with 71.46 cents US on Tuesday.
The December crude oil contract was down US$3.11 at US$92.98 per barrel.
The December gold contract was up US$107.40 at US$4,047.80 an ounce.
---
This report by The Canadian Press was first published Nov. 4, 2026.
