S&P/ TSX Composite falls 1.31 percent in intraday trading
Published on 11/05/2026 at 18:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX slides as tech losses spread
- The S&P/TSX Composite stood at 35,865.38 points on November 5, 2026, down 476.02 points, or 1.31 percent, from the previous close.
- Technology and base-metal shares weighed on the index as U.S. technology stocks also declined.
- Trading remained in progress ahead of the Toronto Stock Exchange close.
The S&P/TSX Composite was under pressure in Thursday trading, reversing part of the sharp advance recorded in the previous session. At 12:10 p.m. Eastern time, or 18:10 Berlin time, the Canadian benchmark stood at 35,865.38 points, down 476.02 points from Wednesday's close of 36,341.40. That corresponds to a decline of 1.31 percent.
The Canadian Press reported that losses in technology and base-metal sectors weighed on the index, while U.S. equity markets also moved lower. The report placed the TSX level in late-morning Toronto trading, so the session had not yet reached its close.
Technology reverses after rally
The decline came one day after the index gained 809.12 points, or 2.28 percent, as investors responded to the U.S. midterm election outcome and a stronger showing in precious-metals shares. Thursday's move therefore represented a sharp change in daily direction rather than a continuation of Wednesday's advance.
Weakness in North American technology shares was a central feature of the session. Chip stocks came under pressure after disappointing outlook signals from Qualcomm and Arm, while investors also reassessed the durability of high valuations and the outlook for artificial-intelligence investment. These developments affected Canadian technology shares and contributed to the broader index decline.
What investors are watching
Base metals were another source of pressure, limiting the support that stronger gold prices might otherwise have provided for the materials-heavy Canadian market. The Canadian dollar was quoted at 71.44 U.S. cents in the Canadian Press report, compared with 71.63 cents on Wednesday. December crude oil traded at 90.40 U.S. dollars per barrel and December gold at 4,102.80 U.S. dollars per ounce at the time of that report.
Investors were also looking ahead to Canada's employment report scheduled for Friday. The combination of weak domestic activity indicators, technology-sector valuation concerns and the upcoming labour-market data left the market focused on both global risk appetite and the domestic economic outlook.
Further index coverage is available on the S&P/TSX Composite topic page.
