S&P/ TSX Composite Slips 0.14% at Midday
Published on 10/29/2026 at 19:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMidday pressure on Canadian equities
- The S&P/TSX Composite stood at 36,215.31 points shortly after 12:25 p.m. ET on October 29, down 49.78 points or 0.14 percent from the previous close.
- Mining and technology shares weighed on the index as investors assessed weaker commodity prices, disappointing gold-miner earnings and U.S. inflation data.
- Financial and healthcare stocks limited the decline, while the Toronto session remained open and the reported level was not a closing value.
The S&P/TSX Composite traded lower in the middle of Thursday's Toronto session. At 36,215.31 points shortly after 12:25 p.m. Eastern Time, the index was down 49.78 points, or 0.14 percent, from Wednesday's close of 36,265.09. The figure was an intraday level, not a closing value, and corresponds to about 18:30 in Berlin.
RTTNews reported the index level and said investors were reacting to corporate earnings and U.S. personal-consumption-expenditures data. Energy and materials shares were under pressure from lower commodity prices, while technology stocks tracked weakness on Wall Street.
Mining and technology lead declines
Materials stocks were the clearest drag. Reuters, in coverage carried by Marketscreener, reported that the materials sector was down 2.4 percent earlier in the session as gold prices weakened after U.S. inflation data reinforced expectations of a possible Federal Reserve rate increase later this year. The report also linked pressure in mining to weaker-than-expected results from gold producers: Alamos Gold fell 8.3 percent after missing third-quarter profit estimates, while Kinross Gold declined 5 percent after quarterly revenue fell 2 percent.
Technology shares also weakened after Alphabet reported disappointing search-advertising results and negative free cash flow of USD 9.07 billion, according to Baystreet.ca. The company maintained its full-year capital-expenditure forecast of USD 195 billion to USD 205 billion, while its shares were reported lower.
Financials provide partial support
Losses were moderated by gains in defensive healthcare and financial stocks. Reuters reported healthcare up 5.5 percent and heavyweight financials up 1.1 percent earlier in the session. That support followed a strong Wednesday for the benchmark, which closed at 36,265.09 points, up 93.60 points or 0.26 percent, according to a Morningstar report citing Dow Jones Market Data and FactSet.
With the Toronto trading session still under way, the midday reading does not establish the direction of the eventual close. Investors continued to weigh company results, commodity prices and the implications of U.S. economic data for interest-rate expectations. Further reports on the S&P/TSX Composite are available in the index coverage.
