TSX rises more than 1% as oil retreat boosts miners, eases inflation fears
Published . Updated .
Key takeaways
- By Anand Gopal RCanadian shares jumped on Monday, with mining gains outweighing losses in energy-linked companies as oil prices fell, while investors also drew comfort from easing inflation fears and a rebound in US stock markets.The S&P/TSX Composite Index TSX:TSX rose 1.3% to
- Exposed: USO, XLE, PICK, TIP, XOM
- Market reaction: USO −3.9% on the day; XLE +0.6% on the day; FCX +4.9% on the day
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By Anand Gopal RCanadian shares jumped on Monday, with mining gains outweighing losses in energy-linked companies as oil prices fell, while investors also drew comfort from easing inflation fears and a rebound in US stock markets.The S&P/TSX Composite Index TSX:TSX rose 1.3% to
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- PICK iShares MSCI Global Metals & Mining Producers ETF-9.5% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story.
- TIP iShares TIPS Bond ETF-0.3% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+3.0% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+5.4% 19d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+2.7% 10d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +5.62% | -2.06% | base | -3.90% | after close | after close | after close |
| XLE | +9.12% | +3.08% | base | +0.56% | after close | after close | after close |
| PICK | +2.61% | +3.13% | base | +4.22% | after close | after close | after close |
| TIP | +0.09% | -0.20% | base | -0.25% | after close | after close | after close |
| XOM | +8.37% | +2.16% | base | -0.67% | after close | after close | after close |
| CVX | +7.15% | +2.05% | base | -1.18% | after close | after close | after close |
| COP | +7.74% | +0.44% | base | -1.29% | after close | after close | after close |
| SHEL | +5.91% | +2.77% | base | -0.22% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
TSX rises more than 1% as oil retreat boosts miners, eases inflation fears TradingView
Source: TradingView
United States Oil Fund (USO) compared with energy stocks (XLE) since 9 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | -1.29% | final price |
| Conocophillips (COP) | three days earlier | +0.44% | final price |
| Conocophillips (COP) | five days earlier | +7.74% | final price |
| Chevron (CVX) | that day | -1.18% | final price |
| Chevron (CVX) | three days earlier | +2.05% | final price |
| Chevron (CVX) | five days earlier | +7.15% | final price |
| Ishares Msci Global Metals & Mining (PICK) | that day | +4.22% | final price |
| Ishares Msci Global Metals & Mining (PICK) | three days earlier | +3.13% | final price |
| Ishares Msci Global Metals & Mining (PICK) | five days earlier | +2.61% | final price |
| SHEL | that day | -0.22% | final price |
| SHEL | three days earlier | +2.77% | final price |
| SHEL | five days earlier | +5.91% | final price |
| Ishares Tr (TIP) | that day | -0.25% | final price |
| Ishares Tr (TIP) | three days earlier | -0.20% | final price |
| Ishares Tr (TIP) | five days earlier | +0.09% | final price |
| United States Oil Fund (USO) | that day | -3.90% | final price |
| United States Oil Fund (USO) | three days earlier | -2.06% | final price |
| United States Oil Fund (USO) | five days earlier | +5.62% | final price |
| Select Sector Spdr Tr (XLE) | that day | +0.56% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +3.08% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +9.12% | final price |
| ExxonMobil Holdings (XOM) | that day | -0.67% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +2.16% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.37% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 26 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 70 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 26 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 47 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 68 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 75 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 77 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who collects and who pays in energy
Companies mentioned with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “TSX rises more than 1% as oil retreat boosts miners, eases inflation fears.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “TSX rises more than 1% as oil retreat boosts miners, eases inflation fears.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- PICK Ishares Msci Global Metals & Mining
Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “TSX rises more than 1% as oil retreat boosts miners, eases inflation fears.” Reason on file: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story
- TIP Ishares Tr
In “TSX rises more than 1% as oil retreat boosts miners, eases inflation fears,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “TSX rises more than 1% as oil retreat boosts miners, eases inflation fears.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “TSX rises more than 1% as oil retreat boosts miners, eases inflation fears,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “TSX rises more than 1% as oil retreat boosts miners, eases inflation fears.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- FCX Freeport-Mcmoran
In “TSX rises more than 1% as oil retreat boosts miners, eases inflation fears,” Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence. Reason on file: Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story
United States Oil Fund (USO) and the energy link
“TSX rises more than 1% as oil retreat boosts miners, eases inflation fears” (9 Nov 2026) reaches United States Oil Fund (USO) through Energy.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Price levels for United States Oil Fund (USO)
PICK traded between 54.38 and 61.57 across 20 sessions. The latest close on file is 56.72. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
The energy score for United States Oil Fund (USO)
46 out of 100
“TSX rises more than 1% as oil retreat boosts miners, eases inflation fears” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.