S&P/ TSX Composite ends Thursday 2.13% lower as tech sell-off intensifies
Published on 11/05/2026 at 22:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSThursday sell-off hits Toronto stocks
- The S&P/TSX Composite closed 2.13% lower on November 5, 2026.
- Technology, financial and clean-technology shares led the declines, according to Reuters.
- The fall reversed much of Wednesday's 2.28% post-election advance to 36,341.40 points.
The S&P/TSX Composite closed 2.13% lower on Thursday, November 5, 2026, according to Reuters. The Toronto session followed a 2.28% gain on Wednesday, when the index closed at 36,341.40 points, based on data from S&P Dow Jones Indices.
Technology leads the retreat
Reuters reported that losses in information technology, financials and clean technology weighed on the benchmark. The move came as a sell-off in U.S. chip and artificial-intelligence shares spread to Canadian technology stocks. In a separate Reuters market report, the Canadian technology sector was down 5.4% during the session, with Celestica and BlackBerry among the decliners.
The retreat also followed Wednesday's strong advance after the U.S. midterm elections. That rally had been supported by hopes that the election result could place greater constraints on the U.S. administration's trade agenda. Reuters noted that the Democrats nevertheless lacked the votes to override a presidential veto on tariffs, leaving policy uncertainty unresolved.
Energy provides limited support
Energy was the only sector in positive territory in the Reuters intraday account, helped by a rise in Brent crude prices. That strength was not enough to offset the technology-led weakness across the broader index. Reuters also reported that investors were looking ahead to Canada's employment report due Friday, making the labor-market data the next scheduled domestic macroeconomic focus.
For investors, Thursday's move illustrates the index's exposure to both technology sentiment and its large financial-sector weighting. The S&P/TSX Composite remains a broad Canadian equity benchmark rather than a pure technology gauge; its market direction can therefore reflect competing effects from commodities, banks and growth stocks. Further index coverage is available on the S&P/TSX Composite topic page.
