Business · Markets · 2 hrs ago
S&P/TSX Composite Falls More Than 700 Points as U.S. Markets Decline
Canada’s S&P/TSX Composite fell more than 700 points.
The decline involved Canada’s stock market.
U.S. stock markets also fell.
The S&P/TSX Composite is a stock market index, so its fall reflects a decline in the shares it tracks.
Both Canadian and U.S. markets recorded losses.
No reason for the declines or further market details are given.
Canada’s S&P/TSX Composite Index fell 736.13 points, or 2%, on Thursday to 35,605.27.
It was the index’s steepest daily decline in five months.
A selloff in U.S. technology shares spilled over into the Canadian market.
The TSX technology sector fell 3.8%, while financials declined 3.2%.
The Canadian government was set to present its budget after the market closed.
- Who
- Canada’s S&P/TSX Composite Index and Canadian shares.
- What
- The index fell 736.13 points, or 2%, to 35,605.27.
- When
- Thursday, November 5, 2026.
- Where
- Canada.
- Why
- A selloff in U.S. technology shares spilled over into the Canadian market amid fears of tougher AI regulation.
This story does not have two clearly opposing sides.
The index recorded sharp gains.
The S&P/TSX Composite Index fell 736.13 points, its steepest daily decline since June 5.
The Canadian government was set to present its budget.
- Index close
- 35,605.27
- Daily decline
- 736.13 points, or 2%
- Steepest decline since
- June 5
- Technology sector
- Down 3.8%
- Celestica shares
- Down 12.7%
2 sources
What people are saying
We're seeing a bit of nervousness on the technology side