S&P/ TSX Composite Closes 0.62% Lower as Technology Stocks Weigh
Published on 11/03/2026 at 22:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX Closes Lower After Technology Selloff
- The S&P/TSX Composite fell 0.62% at the close on Tuesday, November 3, 2026.
- Materials, information technology and consumer discretionary stocks were the main sources of weakness, according to Reuters.
- Shopify declined 7.41%, while 5N Plus, Curaleaf and Toromont Industries were among the session's strongest performers.
The S&P/TSX Composite closed 0.62% lower on Tuesday, November 3, 2026, reversing part of the previous session's advance. The benchmark had closed at 35,801.09 on Monday, according to S&P Dow Jones Indices.
Technology and materials weigh on index
Losses in the materials, information technology and consumer discretionary sectors propelled the index lower at the close, Reuters reported via Investing.com. The report said declining stocks outnumbered advancing issues on the Toronto Stock Exchange, with 493 decliners, 445 advancers and 80 unchanged stocks.
Shopify fell 7.41% to 201.52 Canadian dollars, making it one of the more visible drags in the technology group. The weakness followed the company's quarterly results, although the index-level closing report attributed the broader move to sector weakness rather than to a single stock alone.
Mixed performance beneath the headline
5N Plus rose 24.40% to 32.53 Canadian dollars, while Curaleaf gained 10.13% to 14.13 Canadian dollars and Toromont Industries advanced 8.33% to 209.15 Canadian dollars. Allied Properties REIT declined 7.80% to 3.73 Canadian dollars, and Thomson Reuters lost 7.44% to 157.74 Canadian dollars.
Earlier in the session, the index was already under pressure from technology and base-metal shares. The Canadian Press, published by BNN Bloomberg, reported late-morning losses of more than 150 points and noted that US markets were mixed. The Canadian dollar traded at 71.45 US cents, compared with 71.54 US cents on Monday, while December crude oil was lower and December gold also declined in the cited intraday snapshot.
Market breadth and the sector mix point to a broad risk-off session rather than a uniform decline across all constituents. The S&P/TSX Composite is the broad Canadian equity benchmark and is calculated in real time, with the Toronto Stock Exchange serving as distributor of its real-time and historical data. Further index coverage is available on the S&P/TSX Composite topic page.
