S&P/ TSX Composite down 0.78% in late-morning trading
Published on 11/10/2026 at 18:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX loses ground in Toronto trading
- The S&P/TSX Composite was down 284.87 points, or 0.78%, at 36,161.39 on November 10.
- Base-metals stocks weighed on the index, while major U.S. benchmarks also moved lower.
- The decline followed a 1.84% advance on November 9 to a close of 36,446.26.
- Investors were also monitoring weaker gold and oil prices and the latest U.S. inflation data.
The S&P/TSX Composite moved lower in late-morning Toronto trading on Tuesday, November 10, after a strong gain in the previous session. At 11:41 a.m. Eastern Standard Time, equivalent to 17:41 in Berlin, the benchmark stood at 36,161.39 points, down 284.87 points from the November 9 close. That corresponds to a decline of 0.78%. The level and move were reported by The Canadian Press via CP24.
Base metals weigh on the benchmark
The Canadian Press attributed the decline to weakness in the base-metals sector. The move came alongside losses in U.S. equities, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all lower at the time of the report. The Canadian dollar was trading at 70.40 U.S. cents, compared with 70.81 U.S. cents on Monday.
Commodity markets added to the cautious tone. The December crude-oil contract was down 1.14 U.S. dollars at 85.71 U.S. dollars per barrel, while the December gold contract had fallen 62.00 U.S. dollars to 4,052.50 U.S. dollars an ounce, according to the same report. These price moves are relevant to the Canadian benchmark because resource companies represent a significant part of its market, although the available index report specifically identified base metals as the main drag.
Sharp reversal after Monday rally
The retreat followed a 657.17-point, or 1.84%, advance on Monday, when the index closed at 36,446.26 points. The Motley Fool Canada, published by The Globe and Mail, reported that mining, financial and industrial shares had driven that advance. The move had taken the benchmark to its highest closing level in more than two months.
Tuesday's trading also unfolded against a closely watched U.S. inflation release. The same market preview said investors were looking to the data for clues about the Federal Reserve's next interest-rate decisions, with possible implications for bond yields and equity valuations. No final Toronto close was available in the cited intraday report, so the figures describe a session in progress rather than a completed daily result.
Further coverage of the S&P/TSX Composite is available in the index topic.
