The TSX Climbed More Than 2% Today, but Canada's Earnings Season Tells a Fuller Story
Key Highlights
- ➤S&P/TSX Composite rose 2.2% to 36,317.67 on broad market rally
- ➤Thomson Reuters Q3 revenue increased 10% to US$1,833 million
- ➤Fairfax Q3 net earnings fell to US$929.6 million from US$1,151.7 million
- ➤Teck Q3 adjusted EBITDA surged 97% to C$2.3 billion
- ➤CPKC Q3 revenue rose 15% to C$4.2 billion; adjusted EPS increased 16%
- ➤Rogers reaffirmed 2026 outlook as wireless service revenue declined 1% to C$2.0 billion
Expert Statements
Steve Hasker, President and CEO of Thomson Reuters
“We are pleased with our third-quarter momentum, as revenue growth and margins came in ahead of our prior expectations,”
Prem Watsa, Chairman and Chief Executive Officer of Fairfax
“As discussed during our conference call on October 15, 2026 we are very excited to be selected by the Government of India to be the purchaser of the Government's interest in IDBI Bank”
Jonathan Price, President and CEO of Teck
“Our third quarter results showcase the underlying strength of our business, with increased production, disciplined execution and record copper prices driving strong financial performance and cash generation,”
Keith Creel, President and Chief Executive Officer of CPKC
“CPKC delivered solid results, powered by momentum across our unrivalled North American network, countering macroeconomic headwinds during the quarter,”
Tony Staffieri, President and CEO of Rogers
“Our third quarter results demonstrate strong financial discipline, with margin expansion in Cable and Wireless, record free cash flow, and further deleveraging despite lower market activity.”
The TSX Climbed More Than 2% Today, but Canada's Earnings Season Tells a Fuller Story PR Newswire
TORONTO, Nov. 4, 2026 /PRNewswire/ -- Canada News Group News Commentary - Canadian stocks joined a broad rally on Wednesday. As of 3:00 p.m. ET, the S&P/TSX Composite Index was up 785.39 points, or 2.2%, at 36,317.67. Active Companies from around the markets with current developments this week include: Thomson Reuters Corporation (TSX/Nasdaq: TRI), Fairfax Financial Holdings Limited (TSX: FFH), Teck Resources Limited (NYSE: TECK), Canadian Pacific Kansas City Limited (NYSE: CP), and Rogers Communications Inc. (NYSE: RCI).
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