Technology shares lifted Toronto while the Canadian dollar slipped to 70.16 cents US
The S&P/TSX composite index closed up 15.90 points at 35,518.55 on Monday, while the Nasdaq composite set a record close in New York.
Technology gains helped lift Canada's main index, The Canadian Press reported.
The Nasdaq climbed 286.45 points, or 1.05 percent, to 27,477.31 after an intraday high of 27,544.07, CNBC reported.
According to Reuters, the S&P 500 added 51.23 points, or 0.66 percent, to 7,773.95, about 0.3 percent below its record closing high of August 13.
The Dow Jones Industrial Average rose 90.94 points, or 0.18 percent, to 51,267.90.
Nvidia closed at a record, up 2.1 percent, taking its market value to US$5.76tn, Reuters reported.
Microsoft added 1.5 percent, and Meta Platforms and Tesla each gained about 2 percent. Ten of the 11 S&P 500 sector indexes rose, led by materials at 1.22 percent.
Technology is "sort of like the inverse bond trade," Infrastructure Capital Advisors founder and chief executive Jay Hatfield told CNBC, adding that the sector's earnings growth and low-rate sensitivity have made it a haven since the pandemic.
The benchmark 10-year US Treasury yield rose about 3 basis points to 5.31 percent, according to Reuters, with CNBC putting the 30-year at 5.664 percent.
Bloomberg reported both yields rose at least 7 basis points, to 5.34 percent and 5.7 percent, the highest since 2002.
The Institute for Supply Management's services purchasing managers index came in at 54.9 percent for September 2026, roughly in line with expectations and below the prior month's rate of growth, CNBC reported.
AP News said services activity grew for a 27th consecutive month but less than economists expected, and that prices paid for materials and services rose faster.
US job growth slowed more than expected in September and payrolls for the prior two months were revised sharply lower, Reuters reported.
Traders priced a 24 percent chance of a US Federal Reserve rate increase at the October meeting, down from 70 percent a week earlier, according to CME's FedWatch tool cited by Reuters, with a December move still largely priced in.
Brent crude futures settled 1.89 percent lower at US$100.32 a barrel after Middle East crude exports increased and the Group of Seven pledged to boost supplies.
Spot gold was steady at US$4,143 an ounce.
PTC surged 33 percent after Schneider Electric agreed to acquire the software firm in an all-cash deal valued at US$22.6bn.
AP News put the gain at 33.5 percent and reported the French group would pay US$205 in cash per share.
RXO jumped more than 22 percent after CH Robinson Worldwide agreed to buy the transportation broker.
Reuters described a stock-and-cash transaction worth US$5.8bn, while AP News reported RXO investors could receive US$30.25 in cash per share.
CH Robinson fell nearly 11 percent, the largest decline in the S&P 500.
Third-quarter reporting season begins next week with large US banks.
Analysts forecast S&P 500 earnings growth of more than 30 percent year over year, according to LSEG data cited by Reuters.
