TSX Rebounds More Than 400 Points as Markets Reopen
Canadian stocks came back from the long weekend with a bang — the S&P/TSX Composite closed sharply higher, up over 400 points, led by miners and tech, more than erasing Friday's pullback.
A strong reopening
Canadian stocks came back from the long weekend in a buying mood. The S&P/TSX Composite closed sharply higher on Tuesday, climbing more than 400 points as the market reopened after Monday's civic-holiday closure. The gain more than reversed Friday's 0.8% pullback, which had left the index at 35,226.
Miners and tech did the lifting
Basic materials led the advance as metals firmed, with the miners that had weighed on the index late last week bouncing back. Technology shares also jumped, echoing a strong session south of the border, where U.S. indexes pushed to fresh records. When two of the TSX's heaviest sectors move together, the whole index tends to follow.
What's next
The rebound sets a firmer tone heading into a busy stretch of earnings. Shopify — the index's largest company — reports second-quarter results before Wednesday's open, a report Canadian investors will watch closely after the stock's recent wobble.
The takeaway
A 400-point pop is a good day, but single sessions rarely change the plan. Days like this are a reminder that the market's biggest gains often cluster on the days you can't predict — an argument for staying invested rather than trading in and out.
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Sources
- Basic materials, tech push S&P/TSX up 400 points (BNN Bloomberg, Aug 4 2026)
- TSX reverses losses, closes higher (Trading Economics)
General news and information, not individualized financial advice. Figures reflect the publication date.