Canada’s top stock index reached a new all-time high on Wednesday, driven by strong quarterly earnings from major domestic banks, including the Royal Bank of Canada (TSX:RY). The mining and utilities segments were the only laggards on the TSX, which climbed to 28,468.34.
Meanwhile, US markets also rallied, with the S&P 500 gaining ground as investors focused on Nvidia’s earnings report — a potential turning point for the ongoing bull market. Nvidia (NASDAQ:NVDA), which makes up about 8 per cent of the S&P 500, holds the largest weighting in the index. The chipmaker reported Q2 2026 revenue of US$46.7 billion, up 6 per cent from Q1 and up 56 per cent from a year ago.
| TSX | 28,433.00 | +93.12 |  |
| TSXV | 813.23 | +0.79 | |
| CSE | 166.29 | +0.27 | |
| DJIA | 45,565.23 | +147.16 | |
| NASDAQ | 21,590.14 | +45.87 | |
| S&P 500 | 6,481.40 | +15.46 | |
The Canadian dollar traded for 72.53 cents US compared to 72.27 cents US on Tuesday.
US crude futures traded $0.86 higher at US$64.11 a barrel, and the Brent contract rose $0.78 to US$68.00 a barrel.
The price of gold was up US$11.29 to US$3,395.20.
In world markets, the Nikkei was up 125.87 points to ¥42,520.27, the Hang Seng was down 323.16 points to HK$25,201.76, the FTSE was down 10.30 points to ₤9,255.50, and the DAX was down 106.66 points to €24,046.21.
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