Stock Markets News

Before the Bell: What every Canadian investor needs to know today

By S.R. SlobodianMonday, November 9, 2026(4h ago)3 min readThe Globe and Mail

A look at Monday morning’s market action

Equities

World stock markets nudged higher, but the mood was fragile as a fall in Nvidia shares added to the unease hanging over AI following last week’s global rout in tech shares.

Nvidia shares fell just over 4 per cent in premarket trading ⁠after an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort put his future at the AI chipmaker under scrutiny.

Wall Street futures were in positive territory after a mixed close of major markets on Friday.

TSX futures followed sentiment higher after Canada’s main stock market closed up Friday.

In Canada, investors are getting results from Barrick Mining Corp., IA Financial Corp. Inc. and Peyto Exploration & Development Corp.

On Wall Street, markets are watching earnings from KKR & Co. Inc., Constellation Energy Corp. and Occidental Petroleum Corp.

Analysts said the outlook remained cautious with the selloff in Nvidia shares the latest test of investor sentiment.

“For now, the repercussions across the wider chip industry look relatively limited although the scandal could disrupt the tech rebound,” said Susannah Streeter, chief investment strategist at investment platform the Wealth ‌Club.

Overseas, the pan-European STOXX 600 was up 0.56 per cent in morning trading. Britain’s FTSE 100 rose 0.6 per cent, Germany’s DAX climbed 0.56 per cent and France’s CAC 40 advanced 0.21 per cent.

In Asia, Japan’s Nikkei closed 2.33 per cent higher, while Hong Kong’s Hang Seng slipped 0.13 per cent.

Commodities

Oil prices eased after U.S. President Donald Trump played down the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz kept supply concerns in focus.

Brent crude dropped 0.75 per cent to US$97.58 a barrel, while West Texas Intermediate (WTI) lost 0.36 per cent to trade at US$90.48.

The Brent benchmark plunged 16 per cent ‌last week for its steepest weekly drop since the start of the COVID-19 pandemic.

“The market appears to be pricing in a relatively optimistic scenario of de-escalation, even though a comprehensive agreement between Washington and Tehran has yet to materialize,” said Sugandha Sachdeva, ‌founder of New Delhi-based research firm SS ‌WealthStreet.

“Unless there is a meaningful diplomatic breakthrough accompanied by a sustained normalization of shipping flows through the Strait of Hormuz, crude oil ⁠prices are likely to retain a geopolitical risk premium, with near-term ⁠support seen at US$93 a barrel for Brent.”

In other commodities, spot gold rose 0.7 per cent to US$4,094.43 an ounce, while U.S. gold futures for December delivery gained 0.7 per cent to US$4,103.60.

Currencies and bonds

The Canadian dollar strengthened against its U.S. counterpart.

The day range on the loonie was 70.75 US cents to 71.04 US cents in early trading. The Canadian dollar was up about 1.44 per cent against the greenback over the past month. It traded at $1.4081 per US$1.

The U.S. dollar index, which weighs the greenback against a group of currencies, slid 0.42 per cent to 107.87.

The euro rose 0.43 per cent to US$1.1193. The British pound advanced 0.49 per cent to US$1.3419.

In bonds, the yield on the U.S. 10-year note was last up at 4.869 per cent.