S&P/ TSX Composite closes 0.9 percent lower as miners slide

The S&P/TSX Composite closed at 35,989 points on October 22, 2026, down 336 points or 0.9 percent. Materials fell 4.4 percent as weaker metals prices pressured mining shares, Reuters reported.

Mullen Group rose 8.0 percent after quarterly results beat estimates, while Celestica fell 7.2 percent as concerns about artificial-intelligence spending weighed on technology shares, Reuters via MarketScreener reported.

Why did the S&P/TSX Composite fall?

Gold prices dropped more than 2 percent, and copper reached a five-week low as inventories rose. The materials sector fell to its lowest level since August 5, while Canadian technology shares declined 1.5 percent.

AI spending concerns followed Meta's quarterly results. Brent crude rose 2.6 percent to its highest level since May after fresh attacks raised supply-disruption concerns. Canada's September producer prices increased 2.0 percent, up from 1.3 percent in August, Reuters via MarketScreener reported.

S&P/TSX Composite opened below Wednesday's close

The index opened at 36,033 points, down 292 points from Wednesday's 36,325-point close, according to Yahoo Finance. It later traded at 35,913 points in late-morning trading, down 412 points, according to The Canadian Press.

What comes next for the S&P/TSX Composite?

• October 23, 2026, 8:30 a.m. ET: Canada's August retail sales are expected to rise 1.1 percent after a 0.7 percent decline, The Globe and Mail reports.
• October 23, 2026, 9:45 a.m. ET: S&P Global manufacturing and services purchasing managers' indexes are due in the United States, The Globe and Mail reports.

S&P/TSX Composite price data for October 22, 2026

The index closed at 35,989 points on October 22, 2026, down 336 points or 0.9 percent from the previous close. It opened at 36,033 points, according to MarketScreener.

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