S&P/ TSX Composite closes at 36,260.17, down 0.51 percent
Published on 11/10/2026 at 22:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTSX closes lower after inflation shock
- The S&P/TSX Composite closed at 36,260.17 points on November 10, down 0.51 percent from the previous session.
- Gold and other materials stocks weighed on the index after hotter-than-expected US inflation increased expectations for a higher-for-longer Federal Reserve policy.
- Financial and technology stocks helped limit the broader decline during the session.
The S&P/TSX Composite closed lower on Tuesday, November 10, as weakness in gold and other materials stocks outweighed support from financial and technology shares. The Canadian benchmark finished at 36,260.17 points, down 186.09 points, or 0.51 percent, from Monday's close of 36,446.26. The closing figures and daily change are reported in the Investing.com historical data.
Materials stocks lead Tuesday's decline
The decline followed a sharp reversal from Monday's 1.84 percent rally. Reuters, in a report carried by MarketScreener, said the materials sector was the biggest drag during the session as gold prices fell. At 10:35 a.m. Eastern Time, the index was down 0.4 percent at 36,283.71 points, showing that the weakness was already visible before the final close.
The report attributed pressure on the resource-heavy market to a stronger-than-expected US consumer-price reading and falling bullion prices. US consumer prices rose 0.4 percent in October, above the 0.3 percent increase economists had expected, while core inflation increased 0.3 percent. The data strengthened expectations that the Federal Reserve could keep interest rates higher for longer and increased bets on a possible December rate increase.
Financials and technology cushion losses
Not all major groups moved lower. Reuters reported that financial stocks gained 0.5 percent during the session, supported by the prospect of higher interest rates, while technology stocks rose 0.4 percent and helped limit the benchmark's losses. Falling oil prices offered some relief by easing concerns about energy-driven inflation, although that support was insufficient to offset the decline in mining-related shares.
Market context for investors
The S&P/TSX Composite is the broad Canadian equity-market benchmark. S&P Dow Jones Indices describes it as the headline index for the Canadian equity market and identifies the Toronto Stock Exchange as the distributor of real-time and historical data. Tuesday's move therefore reflects a broad market setback rather than the performance of a single company, with the session highlighting the sensitivity of Canadian equities to commodity prices and US monetary-policy expectations.
Further coverage of the S&P/TSX Composite is available on the index topic page.
