S&P/ TSX Composite drops 412 points at midday as metals sink
Published on 10/22/2026 at 18:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMetals and earnings drive losses
- The index traded at 35,913 points at 11:40 a.m. ET on October 22, down 412 points or 1.1 percent.
- Canada's producer prices rose 2.0 percent in September, versus 1.3 percent in August.
- Mullen Group rose 8.0 percent after quarterly results beat estimates.
- Bank of Canada decision arrives October 28 at 9:45 a.m. ET.
The S&P/TSX Composite traded at 35,913 points at 11:40 a.m. ET on October 22, down 412 points or 1.1 percent, CP24 reported. Weaker metals and technology shares drove the decline as Canadian producer prices rose 2.0 percent in September, versus 1.3 percent in August, Reuters said.
Mullen Group gained 8.0 percent after quarterly results beat estimates, while Celestica fell 7.2 percent as concerns about artificial intelligence spending weighed on technology shares, Reuters reported. The index has lost 412 points from Thursday's opening indication of 36,325 points.
Why is the S&P/TSX Composite down at midday?
Materials shares fell 4.4 percent as copper reached a five-week low and gold prices dropped. Technology shares declined 1.5 percent after fresh concerns about the cost of AI expansion followed Meta's results. Energy shares slipped 1.3 percent even as Brent crude rose 2.6 percent, Reuters reported.
Top and flop in the S&P/TSX Composite
Mullen Group was the leading named gainer at 8.0 percent after quarterly results exceeded estimates. Celestica was the leading named decliner at 7.2 percent as its exposure to large AI infrastructure projects made it sensitive to spending concerns, Reuters reported.
S&P/TSX Composite course since the open
The benchmark opened at 36,033 points after Wednesday's 36,325-point close. It was down 412 points at 11:40 a.m. ET, while U.S. stocks also traded lower, CP24 reported.
What comes next for the S&P/TSX Composite
The next major Canadian policy event is the Bank of Canada's rate decision and Monetary Policy Report on October 28 at 9:45 a.m. ET. The decision follows rising concern about energy-driven inflation, Reuters said. The scheduled time is listed by RetireSmarter.
S&P/TSX Composite price data for October 22, 2026
The S&P/TSX Composite stood at 35,913 points at 11:40 a.m. ET on October 22, down 412 points or 1.1 percent from the previous close of 36,325 points, CP24 reported. It opened at 36,033 points.
S&P/TSX Composite by the numbers on October 22, 2026
- Index: S&P/TSX Composite
- Home exchange: Toronto Stock Exchange, Canada
- Level at 11:40 a.m. ET on October 22, 2026: 35,913 points
- Change versus previous close of October 21, 2026: down 412 points (down 1.1 percent)
- Previous close: 36,325 points
- Open: 36,033 points
- Top gainer: Mullen Group up 8.0 percent
- Top loser: Celestica down 7.2 percent
- Next scheduled event: October 28, 2026, 9:45 a.m. ET: Bank of Canada rate decision
