Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX opened slightly higher Friday, supported by strong quarterly earnings from Cenovus Energy and Canadian National Railway, even as global markets turned cautious following another tech selloff on Wall Street.

Oil prices continued to climb, lending further support to energy names, while gold held steady as investors assessed the latest batch of corporate results and central bank commentary.

In the U.S., the Nasdaq fell sharply for a second straight session, weighed down by disappointing earnings across several major tech firms despite upbeat results from Amazon and Apple.

Market numbers

TSX: Up (0.11%), 30,178.98

TSXV: Down (0.25%), 895.22

DOW: Down (0.23%), 47,522.13

NASDAQ: Down (1.47%), 25,734.81

FTSE: Up (0.51%), 9,767.50

In the headlines

  • Cenovus Energy reports $1.29B Q3 profitCenovus Energy (TSX:CVE) posted a $1.29 billion profit for the third quarter, up from $820 million a year earlier, supported by stronger oil prices and higher downstream margins.
  • CN Rail earnings climb to $1.14BCanadian National Railway (TSX:CNR) reported a $1.14 billion Q3 profit, up from $1.09 billion a year ago, citing improved efficiency and higher shipping volumes across grain and petroleum segments.

Currencies

USD: Down (0.29%), $0.7125

GBP: Up (0.03%), $0.5433

EUR: Down (1.16%), $0.6167

JPY: Down (0.25%), ¥109.91

Bitcoin: Up (0.14%), US$110,029.78

(Conversion to C$1)

Commodities

Copper: Down (0.45%), 5.1276

Gold: Up (0.14%), 4,030.13

WTI: Up (1.32%), 61.39

Natural Gas: Up (1.63%), 4.12

To stay up-to-date on all of your market news head to Stockhouse.com.

Join the discussion: Find out what everybody’s saying about Cenovus and Canadian National Railway for October 31st, 2025, on Stockhouse’s stock forums and message boards.

Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.


More From The Market Online

The 5-Minute Investor Podcast, Ep. 48: Dazzling solar stocks

Check out ep. 48 of Stockhouse's 5-Minute Investor Podcast, featuring analysis on solar stocks Northland Power and Enphase Energy.

@ the Bell: The TSX rollercoaster continues

A day after a near 800-point drop, The TSX advanced on Friday, with investors assessing softer-than-expected...

Datametrex AI secures Fortune 500 technology order

Datametrex AI (TSXV:DM) booked a C$500,000 data centre technology order from a Fortune 500 client in South Korea.
Solar panels

Rising with the sun: Why solar power still shines for investors

Northland Power (TSX:NPI) remains a player in utility scale solar, supported by contracts, renewable assets, and a multi-gigawatt pipeline.