S&P/ TSX Composite starts Friday from 36,249 after slight decline
Published on 10/30/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX begins Friday near record levels
- The S&P/TSX Composite closed Thursday at 36,249.03, down 16.06 points or 0.04 percent.
- Materials and technology stocks weighed on the index, while financials limited the decline.
- Canadian GDP data and the US Employment Cost Index are due on Friday and could influence rate expectations.
The S&P/TSX Composite starts Friday's Toronto session from 36,249.03 after edging lower on Thursday. The index lost 16.06 points, or 0.04 percent, as weakness in materials, technology and energy shares offset support from financial stocks, according to BNN Bloomberg.
Mining and technology remain in focus
The previous session was marked by pressure on major mining shares as gold prices weakened and several producers reported disappointing results. Reuters, published by Marketscreener, reported that the materials sector fell 2.4 percent in morning trading, while technology shares were also under pressure after Alphabet's results and higher artificial-intelligence spending raised concerns about the outlook for technology investment. Financial stocks and healthcare shares helped contain the decline.
The move followed the Bank of Canada's decision on Wednesday to raise its policy rate by 25 basis points to 2.5 percent. That decision keeps interest-rate expectations relevant for rate-sensitive Canadian equities, while commodity prices remain important for the resource-heavy benchmark. The Thursday close was nevertheless only marginally below the previous session's 36,265.09 level.
Economic data due after the open
Friday's calendar places Canadian GDP data and the US Employment Cost Index among the main scheduled North American releases. The calendar published by FinoBird lists both releases at 12:30 UTC, followed later by Canada's budget balance and a speech from Federal Reserve official Mary Daly. The figures may shape expectations for Canadian and US monetary policy, but their effect on the index will also depend on the reaction of banks, miners, energy companies and technology shares.
For investors, the starting point is therefore a broadly unchanged benchmark after a volatile week dominated by central-bank decisions, commodity moves and corporate earnings. The next confirmed index direction will depend on incoming economic data and the performance of the sectors with the greatest weight in the Canadian market. Further coverage is available on the S&P/TSX Composite topic page.
