Daily Markets Update: TSX Jumps 1.55% as Yields Fall and the AI Rout Eases (Oct 16)
DAILY MARKETS UPDATE | FRIDAY, OCTOBER 16, 2026 | CANADIAN MONEY BRIEF Canadian stocks snapped back hard on Thursday. The S&P/TSX Composite jumped 552.64 points, or 1.55%, to 36,137.10 , a three-week high, as falling bond yields and a rally in gold and mining shares erased most of Wednesday's 1.11% drop. It capped a wild 24 hours worldwide: an AI-chip rout hammered Seoul (Kospi −7.6%) and Tokyo (Nikkei −4.9%) before Wall Street recovered and Asia bounced on Friday. The Big Picture TSX +1.55% to 36,137.10 (about 2.5% below the Aug. 37,069.11 record); energy was the only sector lower. Wall Street rotated, not rallied: Dow +1.08%, S&P 500 +0.33%, Nasdaq +0.08% as money left chipmakers for healthcare, banks and retail. Yields retreated: the U.S. 10-year fell to 5.08% from 5.24%, even after a hot producer-price report. Next catalysts: Canada's September CPI (Mon. Oct. 19), then the Bank of Canada and Fed decisions on Oct. 28. Canada: TSX Posts Its ...
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