S&P/TSX Composite Index Rises as Base Metal And Information Technology Shares Climb

10:50 AM EDT, 10/26/2026 (MT Newswires) -- The S&P/TSX Composite Index was higher Monday morning as gains in shares in base metals led most sectors higher. The base metal sector was up 1.3% on last look, with copper futures for December advancing 0.3%, while gold gained 0.2%. The information technology sector was 1% higher on last look. Energy was the weakest performer, down 0.3% as oil prices fell. Saudi Arabia's defense minister, Prince Khalid bin Salman, was traveling to Iran to attend the Makkah Joint Defense Agreement talks. Also participating were officials from Turkey and Pakistan, a Saudi government post on X said. In political news, US President Donald Trump told a Michigan rally on Sunday that a trade deal with Canada was close, Bloomberg reported. The White House last week lifted tariffs on some Canadian products particularly relevant to Maine, but added some new ones. In stocks, High Liner Foods (HLF.TO) shares surged 77% to a 10-year high at CA$26.67 after it said Monday that it was being acquired by international seafood company Umios for CA$27.00 per share. The transaction values the company at CA$804 million and was expected to be completed next January.