Canada’s top stock index closed lower on Monday as oil prices retreated from the strong gains earned in the previous week. Investors also turned their attention to upcoming inflation data for signals on the future direction of interest rates. Statistics Canada reported that the Consumer Price Index increased 3.1% year over year in September, up from 3.0% in August. On a seasonally adjusted basis, the index rose 0.4% from the previous month.
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US equities moved higher, driven by a rebound in technology stocks following last week’s selloff among companies tied to the artificial intelligence sector. CoreWeave (NASDAQ:CRWV), a key player in the neocloud market, recovered 0.73% after falling more than 25% last week thanks to concerns about its debt levels, marking its steepest weekly decline since November 2025. Shares of Advanced Micro Devices (NASDAQ:AMD) and Micron (NASDAQ:MU) also advanced, 2% and 3%, respectively.
| TSX | 35,928.63 | -247.92 |  |
| TSXV | 846.71 | +1.41 |  |
| CSE | 139.31 | -0.45 | |
| DJIA | 51,966.03 | -36.38 | |
| NASDAQ | 26,430.89 | +290.85 | |
| S&P 500 | 7,690.73 | +31.29 | |
The Canadian dollar traded for 70.86 cents US compared to 70.61 cents US on Friday.
US crude futures traded $0.66 lower at US$103.00 a barrel, and the Brent contract lost $0.52 to US$110.10 a barrel.
The price of gold was down US$20.70 to US$4,140.04.
In world markets, the Nikkei was down 407.59 points to ¥64,916.70, the Hang Seng remained at HK$24,186.83, the FTSE was down 117.21 points to ₤10,764.69, and the DAX was down 318.93 points to €25,303.68.