S&P/ TSX Composite loses nearly 700 points in late-morning trading
Published on 10/30/2026 at 18:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX slides as risk appetite weakens
- The S&P/TSX Composite fell 685.53 points to 35,563.50 in late-morning trading on October 30, 2026.
- Technology and base-metal stocks weighed on the index as U.S. technology earnings intensified concerns about artificial-intelligence spending.
- Canadian GDP was unchanged in August, while advance data pointed to a 0.1% decline in September.
The S&P/TSX Composite came under heavy pressure on Friday, October 30, 2026. In late-morning trading, the index was down 685.53 points at 35,563.50, according to The Canadian Press via BNN Bloomberg. That represented a decline of 1.89% from Thursday's close at 36,249.03.
Technology and metals lead losses
The Canadian Press report identified technology and base-metal stocks as the main sources of pressure while U.S. equity markets also moved lower. The decline came after results from major U.S. technology companies revived concerns that heavy artificial-intelligence investment may not generate adequate returns. Reuters had reported earlier that futures linked to Canadian stocks were lower on those concerns and on higher oil prices.
The market move was broad enough to overshadow support from energy prices. In late-morning trading, the December crude contract was up 2.02 US dollars at 104.02 US dollars a barrel, while December gold was down 110.80 US dollars at 3,920.60 US dollars an ounce, according to the Canadian Press report. The combination presented a mixed backdrop for Canada's resource-heavy benchmark: higher oil supported energy prices, while weaker precious-metal prices pressured mining shares.
Growth data adds to caution
Canada's latest economic figures provided an additional reason for investors to reassess the domestic outlook. Statistics Canada reported that real GDP was essentially unchanged in August, the second consecutive flat monthly reading. Services-producing industries contracted 0.1%, while goods-producing industries grew 0.1%.
Advance information indicated that real GDP decreased 0.1% in September. Based on the available industry data, the economy expanded 0.3% in the third quarter, although the official quarterly estimate is due later. The figures point to a loss of momentum at a time when markets are already weighing commodity-price volatility, interest-rate expectations and weaker risk appetite.
For further coverage of the index, see the S&P/TSX Composite topic page.
