The S&P/TSX Composite Index rallied more than 350 points mid-morning Monday, with the base metals sector leading most sectors.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- CEO.CA's Inside the Boardroom: Gold Producer to Scale Molybdenum & Copper Supply Next to China: Erdene Resource Development
An interview video with Peter Akerley, President & CEO of Erdene Resource Development Corp. (TSX: ERD) (MSE: ERDN) (OTCQX: ERDCF), recorded on October 19, 2026 and issued on the company's behalf. According to the video, Erdene is using cash flow from gold production to unlock its portfolio of precious and base metals in Mongolia. The video is part of CEO.CA's 'Inside the Boardroom' series.
- National Bank Remains Cautious on Canadian Dollar as Commodity, Rate Risks Persist
National Bank remains cautious on the Canadian dollar. According to the article, the currency remains vulnerable to further weakness as gold and oil prices offer less support.
- Slam Exploration to Start Drill Campaign at Moose Lake Project in New Brunswick
- S&P/TSX Composite Index Lower as Base Metals Shares Fall
- S&P/TSX Composite Index Falls Monday Morning As Base Metals and Utilities Weaken
- S&P/TSX Composite Index Jumps to Six-Week High As Commodity-Based Sectors Rally
Related markets
Latest news
- State Securities Commission asks securities firms to review and strengthen cybersecurity
On 30/10/2026, the State Securities Commission (UBCKNN) sent a document to securities firms and fund management companies asking them to urgently review cybersecurity after cyberattacks affected the financial, banking and some securities systems. Firms must change all administrator and user passwords, check system logs for signs of data tampering or remote access from unfamiliar or foreign IP addresses, and review antivirus status and access histories, especially for IT and privileged accounts. The regulator also asks them to review remote-access policies and interbank transfer policies outside trading hours. When large, frequent or unusual transfers from corporate or customer accounts are detected, firms should suspend the transactions and contact the account holders to verify them.
- This AI Boom is not 1999 all over again — and here's why
Yahoo Finance Executive Editor Brian Sozzi argues that the current AI boom is fundamentally different from the dot-com bubble. He says companies driving AI, such as Nvidia and Salesforce, have plenty of cash, real businesses and strong leadership, unlike firms such as pets.com or eToys. He cites former Cisco CEO John Tabers, who said some AI companies are borrowing heavily and growing at a very fast pace, with some likely to recover and others not coming back. Sozzi acknowledges that some air has come out of the AI trade, but maintains that the fundamentals this time differ from the dot-com boom and bust.
- Why Shares of Alphabet Stock Sank 17.5% Last Month
Alphabet shares (GOOG) fell 17.5% last month, according to S&P Global Market Intelligence, despite strong third-quarter results with revenue up 25% year over year to $127.6 billion. Google Cloud revenue rose 103% and Google Search revenue rose 12%, but investors worried about negative free cash flow after $51 billion in capital expenditures for AI infrastructure and possible share losses to AI rivals such as ChatGPT and Claude. Search remains the largest revenue source at $63 billion last quarter, and the Gemini app has reached 1 billion users, though how much revenue they generate is unclear. The article argues that at 21 times enterprise value-to-EBIT, the stock looks cheap for a company growing revenue at 25%, provided it keeps Search revenue and grows Google Cloud.
- Gold prices rise, but people still buy to accumulate
Domestic gold prices rose from the previous session, with SJC and PNJ gold bars quoted at 137.6 - 140.6 million VND per tael (buy - sell), up 600,000 VND per tael on both sides. Despite higher prices, many people are still buying to accumulate, often in batches and in amounts that suit their finances rather than following the crowd. On Cầu Giấy street some shops still attract customers, while on Trần Nhân Tông street visitors are fewer and long queues have disappeared. Meanwhile, Ms. Đinh Thị Lan brought 3 taels of gold rings to sell because her family needs cash, though she worries prices could keep rising after she sells.
- Prediction: $5,000 Invested in Netflix Will Be Worth This Much by 2030
Netflix shares have fallen to 52-week lows, back to 2024 levels, after the company failed to acquire the former Warner Bros. Discovery and struggled to develop content that interests viewers. A $5,000 investment made four years ago would be worth about $10,560 today, though it exceeded $22,500 in mid-2025 as Netflix's competitive advantages eroded. Analysts expect revenue growth of 13% this year and 11% in 2027, while the current 18 P/E is near a five-year low, compared with a five-year peak of 63 and an S&P 500 average of 26.5. The author estimates Netflix could trade around $139 per share in 2030, which would make the roughly 80 shares that $5,000 buys today worth about $11,100; these are assumption-based estimates, not certainties.
- Mid-term facts & refrigerator hacks, tech sell-off continues, Binance CEO addresses issues
Yahoo Finance Executive Editor Brian Sozzi recaps the day's top stories, including why Palantir (PLTR) is not escaping the AI rout, why Disney (DIS) is poised to cut jobs, and how Apple's (AAPL) earnings turned into a dull day for John Ternus and company. He also interviews Binance CEO and founder Changpeng Zhao about roughly $6.3 billion in digital assets drained from Binance on Oct. 29 due to a hack.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.