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S&P/TSX composite up nearly 200 points as price of oil tops US$90 per barrel

Canada’s main stock index was up nearly 200 points in late-morning trading, helped by strength in the energy sector as the price of oil rose to top US$90 per barrel.

Mar 24, 2026 &03512424202631; 19:51 UTC www.bnnbloomberg.ca Trending 2/5

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Positive for markets

Sentiment score: +45/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Oil surged above $90/barrel, driving Canadian energy stocks higher and lifting the S&P/TSX composite ~200 points. This is a fresh catalyst with real intraday momentum, but U.S. equities remain flat and VIX is declining, suggesting limited spillover conviction.

AI CONFIDENCE

62% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Oil already broke $90/barrel; momentum is real but may face resistance at psychological level

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S&P 500

^GSPCIndex

High volatility expected

S&P 500 flat despite oil strength; energy is only ~4% of index; broader market lacks conviction

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XE.TO

XE.TOIndex

Expected to rise

S&P/TSX already up 200pts on energy strength; Canadian energy exposure is high but move may be partially priced in

PRICE HISTORY

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⚡ SUGGESTED ACTION

Oil strength is real but S&P 500 indifference suggests limited upside legs. Energy plays (Canadian equities, oil futures) have partial momentum; avoid chasing after +200pt move. Better risk/reward on pullbacks or if oil holds $90 into close. [MOVE:0.8%]

KEY SIGNALS

Oil breaks $90/barrel (fresh catalyst)S&P/TSX +200pts intraday (real momentum)S&P 500 flat (limited U.S. spillover)VIX declining (risk-off sentiment fading)

SECTORS INVOLVED

EnergyOil & Gas

Analysis generated on Mar 24, 2026 at 16:01 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by BNN Bloomberg. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

S&P/TSX composite up nearly 200 points as price of oil tops US$90 per barrel

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