The TSX today is expected to open higher after the Thanksgiving holiday, with futures linked to Canada’s main stock index supported by firmer precious-metal prices and easing bond yields.
By early Tuesday, October 13, 2026, S&P/TSX 60 futures had risen about 0.8 per cent, while S&P 500 futures were down slightly and Nasdaq 100 futures were lower by roughly 0.7 per cent.
The move suggests a relatively constructive start for resource-heavy Canadian equities, although the market remains exposed to swings in energy prices, geopolitical developments and the broader technology-sector selloff.
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Tsx Today: Why the TSX is starting the week in focus
The Toronto Stock Exchange was closed on Monday, October 12, for Thanksgiving and was scheduled to resume regular trading on Tuesday, October 13, according to the market holiday schedule.
That holiday pause left Canadian investors responding to developments in global markets that occurred while domestic exchanges were shut.
Gold and other precious metals were providing support before the open, a factor that can lift Canadian mining shares because of the important role resource companies play in the S&P/TSX Composite Index.
Lower bond yields were also helping sentiment by easing pressure on rate-sensitive areas of the market, including financial, real estate and other economically sensitive stocks.
At the same time, weaker U.S. technology futures pointed to continued caution around highly valued artificial-intelligence and semiconductor shares.
Canadian jobs data remains central to rate expectations
Investors are also assessing the implications of Canada’s latest labour-market report before the Bank of Canada’s next scheduled interest-rate decision.
Statistics Canada reported that employment fell by 68,000 in September, while the unemployment rate increased to 6.5 per cent.
The employment decline followed a drop of 42,000 in August.
The data showed that employment fell in Quebec, British Columbia and Ontario, while Alberta recorded an increase.
Average hourly wages for employees rose 2.3 per cent year over year to $37.64 in September, according to the report.
The combination of weaker employment and moderate wage growth may reinforce expectations that the central bank will avoid tightening policy at its next meeting, although markets can react differently depending on inflation and energy-price developments.
The Bank of Canada is scheduled to announce its next policy decision and release its October Monetary Policy Report on Wednesday, October 28, at 9:45 a.m. Eastern time.
What could move Canadian stocks on Tuesday
Gold prices are likely to remain an important influence on mining shares during the session.
Energy stocks may also respond to movements in crude oil prices and renewed concerns about supply routes and geopolitical tensions in the Middle East.
Those developments create a mixed backdrop for the TSX because higher oil prices can benefit Canadian producers while also raising inflation concerns and increasing pressure on household and business costs.
Investors will also watch the Canadian dollar, government bond yields and U.S. market direction for clues about whether the early gains can hold through the afternoon.
Friday’s session provided a strong starting point for the week, with the S&P/TSX Composite closing at about 35,665 after a gain of roughly 1.5 per cent.
The advance was helped by mining, technology and consumer-discretionary stocks, as well as expectations that weak employment data could reduce pressure for higher Canadian interest rates.
What investors should watch next
- Market breadth: Whether gains extend beyond gold and other resource stocks will help show how broad the rebound is.
- Bond yields: A renewed rise in yields could put pressure on financial, real estate and growth-oriented shares.
- Technology stocks: Weak Nasdaq futures may weigh on Canadian technology companies listed in both Canada and the United States.
- Energy prices: Oil volatility could determine whether the energy sector supports or limits the broader index.
- Bank of Canada expectations: Investors will continue adjusting rate forecasts ahead of the October 28 announcement.
For Canadian investors, Tuesday’s session is the first opportunity to trade the domestic market after the Thanksgiving closure.
The early futures signal is positive, but it does not guarantee a higher close because commodity prices, U.S. trading and geopolitical headlines can change quickly during the day.
The next major domestic catalyst is the Bank of Canada’s October 28 rate decision, followed by the central bank’s October 19 Business Outlook Survey and Canadian Survey of Consumer Expectations.
Frequently Asked Questions
Is the TSX open on Tuesday, October 13, 2026?
Yes. The Toronto Stock Exchange reopened on Tuesday, October 13, after closing Monday for the Canadian Thanksgiving holiday.
What are TSX futures indicating today?
Early S&P/TSX 60 futures were pointing to a higher open, helped by stronger precious-metal prices and easing bond yields.
Why are gold prices important for the TSX?
Gold prices can influence Canadian mining stocks, and mining companies have a significant role in the benchmark Canadian equity market.
When is the next Bank of Canada interest-rate decision?
The next scheduled decision is October 28, 2026, at 9:45 a.m. Eastern time, alongside the October Monetary Policy Report.
What Canadian economic data is influencing markets?
Statistics Canada reported that employment fell by 68,000 in September and the unemployment rate rose to 6.5 per cent.
Fact-Checked: Key market, holiday, employment and Bank of Canada schedule details were checked against TMX, Statistics Canada and Bank of Canada information.
Disclaimer: This article is for general information only and is not investment advice.