# TSX Rises as Rate Hike Bets Fade

> Canada's stock market surges after weak jobs data lowers Bank of Canada rate hike expectations.
- Title: TSX Rises as Rate Hike Bets Fade · mint | Shortify
- Summary: Canada's stock market surges after weak jobs data lowers Bank of Canada rate hike expectations. Canada's stock index gained 1.48% to 35,664.62, its highest…
- Keywords: tsx, bank of canada, stock market, jobs data, rate hike, canada, money, business, Rises, Rate, Hike, Bets
- Source: mint — https://livemint.com/market/tsx-posts-biggest-gain-in-five-weeks-as-rate-hike-bets-recede-11791578853104.html
- Published: 2026-10-09T20:47:32+00:00
- Read time: 1 min
- Topics: tsx, bank of canada, stock market, jobs data, rate hike, canada, money, business
## TSX Posts Biggest Gain
Canada's main stock index rose 1.48% to 35,664.62, its highest closing level in two weeks.
## Weaker Jobs Data
Canada shed 68,300 jobs in September, with unemployment rising to 6.5%.
## Rate Hike Expectations Drop
Investors now expect a 25% chance of a Bank of Canada rate hike by October 28, down from 40%.
## Sector Reactions
Materials rose 2.81%, energy up 1.07%, and Aritzia surged 20% after beating revenue expectations.
## Key takeaway

Canada's stock index gained 1.48% to 35,664.62, its highest in two weeks, as weak September jobs data reduced expectations for Bank of Canada rate hikes.