S&P/TSX up more than 300 points in late morning trade, U.S. markets also up
The S&P/TSX composite index in Toronto surged 361.45 points to 34,102.69, while U.S. markets also rose on May 20, 2026, amid falling oil prices. The Dow Jones climbed 373.25 points, the S&P 500 gained 58.02, and the Nasdaq rose 294.60, with crude oil dropping $3.67 to $100.48 per barrel.
North American stock markets saw strong gains on May 20, 2026, as oil prices declined. In Toronto, the S&P/TSX composite index jumped 361.45 points to close at 34,102.69, marking a positive trading session. Meanwhile, U.S. markets also advanced, with the Dow Jones industrial average rising 373.25 points to 49,737.13, the S&P 500 gaining 58.02 points at 7,411.63, and the Nasdaq composite climbing 294.60 points to 26,165.30. The Canadian dollar strengthened slightly to 72.77 cents USD, up from 72.69 cents the previous day. Commodity markets reflected broader trends, with the July crude oil contract falling $3.67 to $100.48 per barrel, while the June gold contract dropped $26.40 to $4,537.60 per ounce. Analysts attributed the market rally to easing oil price pressures, which likely reduced concerns over inflation and energy costs. The positive momentum in both Canadian and U.S. markets suggested investor confidence remained resilient despite global economic uncertainties. The report, published by The Canadian Press, highlighted the interconnected nature of North American financial markets, where movements in Toronto often influence trading patterns in New York and vice versa.
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