S&P/ TSX Composite set for rebound after 0.75% drop
Published on 11/04/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX awaits Wednesday rebound
- The S&P/TSX Composite closed November 3 at 35,532.28 points, down 0.75%.
- December futures were up 1.3% before the Toronto open after Democrats won both chambers of the U.S. Congress.
- Investors are awaiting Canadian employment data on Friday and further U.S. payrolls signals later in the week.
The S&P/TSX Composite is heading into Wednesday's Toronto session after a sharp decline in the previous session, while premarket trading pointed to a possible rebound. The index closed November 3 at 35,532.28 points, down 268.81 points, or 0.75%, from the November 2 close.
The closing level and daily performance are reported by S&P Dow Jones Indices. The index provider identifies the S&P/TSX Composite as the broadest index in the S&P/TSX family and states that the Toronto Stock Exchange distributes its real-time and historical data.
Futures point to firmer opening
December futures on the S&P/TSX index were up 1.3% at 6:04 a.m. Eastern Time on Wednesday, according to Reuters. The move followed Democratic victories in both chambers of the U.S. Congress. Reuters also reported that spot gold rose 2.9%, while Brent crude fell 1.3%, leaving commodity-market signals mixed for the Canadian equity benchmark.
Tuesday's decline came as the index reached a nearly four-week closing low. Reuters linked the session's weakness to losses in Shopify and Thomson Reuters shares after their quarterly results. The technology-related pressure was a notable counterweight to the commodity and financial exposure that gives the Canadian benchmark a different composition from broad U.S. equity indices.
Economic data remains in focus
Investors are also looking beyond the opening move. Reuters said Canada's employment report is due Friday, with a poll pointing to an increase of 13,600 jobs in October and an unemployment rate of 6.5%. U.S. payrolls data later in the week is expected to provide additional clues about the Federal Reserve's policy path. Those releases could affect expectations for interest rates, the Canadian dollar and demand for Canadian exporters.
The futures indication describes premarket positioning rather than a confirmed index opening or session result. The next decisive signal for the S&P/TSX Composite will therefore come from trading in Toronto and from whether technology losses stabilize while gold, energy and financial shares respond to the changing macroeconomic backdrop. Further index coverage is available on the S&P/TSX Composite topic page.
