S&P/ TSX Composite Falls 0.45% Midday
Published on 11/03/2026 at 19:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX Slips in Midday Trading
- The S&P/TSX Composite was at 35,639.14 in late-morning trading on November 3, down 161.95 points from the previous close.
- The decline equated to 0.45 percent, while technology and base-metal stocks weighed on the benchmark.
- Investors were also monitoring firmer oil prices and the US midterm elections as North American markets traded unevenly.
The S&P/TSX Composite was trading lower in late-morning Toronto dealings on Tuesday, November 3, as weakness in technology and base-metal stocks pulled the Canadian benchmark below Monday's close. The index was at 35,639.14 at 11:37 a.m. EST, down 161.95 points, or 0.45 percent, from the previous session.
The level and intraday move were reported by The Canadian Press via BNN Bloomberg. The regular Toronto session was still under way at the report time, so the figure is an intraday reading rather than a closing level.
Technology and Metals Weigh
According to the Canadian Press report, losses in the technology and base-metal groups were the main pressures on the index. The move followed a strong rebound on Monday, when the S&P/TSX Composite closed at 35,801.09. That prior close was reported by The Globe and Mail.
The technology sector remained in focus after results from Shopify. However, the index report supports only the broader conclusion that technology shares were a drag; it does not establish that one company alone caused the benchmark's decline. Investors should therefore distinguish the index-wide sector move from the performance of individual constituents.
Oil and Election Risk in Focus
Market attention also extended beyond company earnings. Reuters reported before the open that TSX futures were lower as oil prices rebounded amid fading hopes for a Middle East peace deal, while investors watched the US midterm elections. Higher crude prices can influence the energy-heavy Canadian market through inflation and interest-rate expectations, but the available intraday report does not show a uniform sector reaction across the index.
For investors, the 0.45 percent decline represented a reversal from Monday's advance, but not yet a session conclusion. The benchmark could still change materially before the Toronto market's close, particularly as US equity trading and election-related headlines developed. Further interpretation should therefore use the eventual dated closing level rather than treating this midday reading as the final result.
More coverage of the S&P/TSX Composite is available in the index topic section.
