Canadian Stock Market Today: TSX Futures Nudge Higher On Crucial US Inflation Test Sasha Jovanovic Tue, November 10, 2026 at 8:08 AM EST 7 min read ^GSPC +2.35% UUUU -1.71% CSU.TO -3.81% ERO -1.18% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Canadian stocks are set for a cautiously positive open, with sentiment anchored on one thing: the upcoming US inflation print. Modest gains in S&P 500 futures point to a risk friendly tone, but conviction is tied to that CPI release.
Economists expect US headline inflation to slow to 0.3% month on month in October, from 0.6% previously. Core CPI is projected at 0.2%. Those forecasts matter because they feed directly into how aggressively the US Federal Reserve may tighten policy in December.
If inflation lands near those estimates, rate hike expectations can cool at the margin, which eases pressure on borrowing costs and supports equity valuations globally. That backdrop often helps Canada because lower US yields can support risk appetite and reduce stress on rate sensitive parts of the TSX.
The unresolved question is simple: if CPI or core inflation arrives hotter than the 0.3% and 0.2% consensus, investors must decide whether Fed Waller's openness to a larger December hike becomes the base case rather than a tail risk.
GFL Environmental completed a review of unsolicited offers to take the business private, and the board chose to stay public. Directors judged the proposals as less attractive than GFL's own plans, citing its standalone growth strategy, balance sheet flexibility, and capital allocation priorities. Investors can watch for how management executes on those growth projects over the next few quarters.
Crombie Real Estate Investment Trust (CRR.UN)
Crombie REIT lined up CA$200 million in fresh equity financing, split between a CA$117 million bought deal and a CA$83 million placement with Empire Company. The trust is pairing that raise with CA$216.2 million of grocery anchored property acquisitions and a 13 property Ontario portfolio, adding about 1.2 million square feet of space. Investors can monitor how these deals affect occupancy and income metrics.
Endeavour Silver reported Q3 2026 results that included mine operating cash flow up 139% year over year and adjusted earnings of $0.14 per share, compared with a prior loss. Management raised 2026 silver guidance to a range of 7.8 to 8.1 million ounces and gold to 42,000 to 43,500 ounces. A new revolving credit facility of up to $100 million supports project spending and working capital.
Energy Fuels (TSX:EFR) surged 9.79% after investors reacted to recent uranium sales strength and progress in rare earths.
Silvercorp Metals (TSX:SVM) jumped 9.14% as traders responded to quarterly results showing a swing back to profitability.
Ero Copper (TSX:ERO) gained 8.42% following ongoing attention on copper producers despite recent reductions in analyst price targets.
Constellation Software (TSX:CSU) declined 3.81% as investors reacted to modest organic revenue growth despite higher analyst price targets.
Leon's Furniture (TSX:LNF) fell 2.56% after Q3 sales slipped slightly and management flagged softer furniture demand and inventory delays.
Baytex Energy (TSX:BTE) declined 2.03% following recent earnings and mixed analyst commentary on growth plans and oil price volatility.
Canadian inflation and a heavy run of TSX earnings are key tests for whether local rate expectations and sector sentiment shift over the next few sessions.
US CPI and Core CPI, Tue 10 Nov. A monthly headline print against the 0.3% consensus and core at the 0.2% forecast would feed directly into US rate expectations, which in turn can move Canadian borrowing costs and the Canadian dollar through bond and FX markets.
Canadian Tire Corporation, Thu 12 Nov. Q3 results land before the bell and the key figure is revenue in the core retail segment, since any strain on consumer spending or higher operating costs would matter for Canadian discretionary and mall exposed REIT stocks.
Brookfield, Thu 12 Nov. Third quarter numbers at 7:00 AM US Eastern Standard Time put the spotlight on fee related earnings and margins in asset management, which can influence how investors treat capital light financials across the TSX.
Canada CPI and Core CPI, Mon 16 Nov. Headline inflation last printed at 3.1% with core at 2.2% and a result above those marks would keep pressure on domestic funding costs, while a softer outcome would ease some of that rate strain.
Canaccord Genuity Group, Mon 16 Nov. Q2 2027 earnings at 4:00 PM US Eastern Standard Time put advisory and trading revenue in focus, since deal activity and commission trends feed directly into how investors view Canadian capital markets exposed stocks.
Materials and Metals and Mining: Seven day surge on resource news
Materials and Metals and Mining have led the Canadian market over the past week, helped by strong moves in gold, copper and battery metal stocks. Project updates at Barrick, Endeavour Silver, AbraSilver, Meridian and Graphite One signal that development work is still pushing ahead across precious and critical minerals.
If you hold miners, the most important catalyst in the near term is today's US inflation release, because any shift in inflation expectations can quickly influence demand for gold as a hedge and risk appetite toward higher cost, long life projects.
Energy and Oil and Gas: Strong year, choppy week for producers
Energy and Oil and Gas have slipped over the last 7 days after a solid 12 month run, as investors react to softer Canadian jobs data and watch US rate expectations. Deals and policy moves, from Strathcona's Greenfire acquisition to tax incentives highlighted by Whitecap and new or renewed buyback plans at Cenovus and International Petroleum, keep attention on how producers use cash.
If your portfolio includes Canadian oil producers or pipelines, the clearest swing factor now is this week's US crude and gasoline inventory data, since any surprise in stockpiles can move oil prices and, by extension, expectations for cash flow that supports dividends and capital spending.
Financials and Banks: Steady gains with focus on payouts
Financials and Banks have added to an already strong 12 month performance over the past week, helped by dividend increases and buyback announcements from iA Financial and ongoing capital moves at firms such as Quinsam Capital and Brookfield. Royal Bank's plan to buy Australian manager Yarra Capital shows Canadian lenders still looking overseas for fee income.
If you rely on Canadian Financials for income, the main event to watch is the upcoming Brookfield and iA Financial results, because commentary on capital allocation and credit quality can influence how investors think about sector dividend stability and the appetite for further share repurchases.
Tech and Semiconductors: Ongoing slump despite deal activity
Tech and especially Semiconductors remain weak on a 7 day and 12 month view, even as Enghouse Systems and Vecima Networks announce deals and dividends that underline operational progress. The group is still sensitive to interest rate expectations, since many investors value these stocks on profits expected further out in time.
If you own Canadian Tech or chip exposure, today's US core CPI print is the key macro catalyst, because any surprise on inflation can change views on future rate cuts and how much investors are willing to pay now for growth stories that lean heavily on earnings several years away.
Real Estate: REITs grind higher on stable tenants
Real Estate has edged up over the past week and month even though 1 year and year to date returns remain slightly soft, helped by grocery anchored and retail focused REITs such as Crombie, CT REIT and Primaris that report high occupancy or portfolio expansion. Office focused vehicles like Dream Office still reflect concern about borrowing costs and tenant demand.
If you hold Canadian REITs for monthly distributions, the most important domestic trigger is next Monday's Canada CPI report, since the combination of inflation and the recent 6.7% unemployment rate will shape expectations for Bank of Canada policy, refinancing costs and how much rent growth tenants can absorb without pressuring vacancy.
If dividend stability and buyback plans in Canadian Financials are your focus, start with this list of 3 dividend fortresses to see which income plays fit that story.
This article is general in nature and was produced with the assistance of AI automation, based on data and analysis from Simply Wall St. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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