financetom
World
financetom
/
World
/
CANADA STOCKS-TSX set to snap winning streak as tech shares drag
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX set to snap winning streak as tech shares drag
Nov 13, 2025 7:22 AM

By Avinash P and Pranav Kashyap

Nov 13 (Reuters) -

Canada's main stock index was set to snap a four-day winning

streak on Thursday, retreating from record highs as tech shares

slid.

At 09:52 a.m. ET, Toronto's S&P/TSX composite index

slipped 0.41%, on track to break its longest winning

streak in over a month, after Wednesday's record close powered

by metal miners and upbeat Loblaw ( LBLCF ) earnings.

The commodity-heavy index has repeatedly set records this

year, supported by higher oil, gold and copper prices amid

geopolitical tensions and economic uncertainty.

The tech sub-index fell 3% on Thursday, leading

losses.

But the energy index rose 0.6% as oil prices

ticked higher.

President Donald Trump on Wednesday signed legislation

ending the longest government shutdown in U.S. history, hours

after lawmakers voted to restore food assistance, pay federal

workers and revive air traffic control operations.

Investors now await delayed U.S. economic data, particularly

labor market indicators, for clues on the Fed's policy stance.

"We would not be surprised to see some market chop over the

coming weeks as the government gears and economic data presses

get turning again. The data blackout has made the Federal

Reserve's job difficult, but we still expect them to cut

interest rates again in December," said Carol Schleif, chief

market strategist, BMO Private Wealth.

In corporate news, Pan American Silver Corp's ( PAAS )

revenue and profit beat estimates for the third quarter. Shares

of the miner were up 2.4%.

Shares of power company Northland Power fell 24%

after reporting a net loss in the third quarter. The wider

utility index was down 1.1%

Manulife Financial ( MFC ) reported a rise in third-quarter

profit, helped by strong performance in the insurer's Asia unit.

Shares were up 2%.

At least six brokerages raised the target price on CCL

Industries ( CCLLF ) following third-quarter results on Tuesday,

sending its shares 1.3% higher.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EMERGING MARKETS-Commodity weakness drags Latam currencies to multi-week lows
EMERGING MARKETS-Commodity weakness drags Latam currencies to multi-week lows
Jul 24, 2024
(Updated at 1421 GMT) * Santander Brasil's net profit up 44% in Q2, beating forecasts * Fitch: Mexico's proposed judicial reform may hit investments Mexico's consumer prices overshoot all estimates in mid-July * Latam stocks down 1.1%, FX off 1.2% By Johann M Cherian July 24 (Reuters) - Currencies of resource-rich Latin American economies fell to multi-week lows on Wednesday,...
European Equities Traded in the US as American Depositary Receipts Lower in Wednesday Trading
European Equities Traded in the US as American Depositary Receipts Lower in Wednesday Trading
Jul 24, 2024
11:08 AM EDT, 07/24/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were weaker late Wednesday morning, declining 0.53% to 1,418.08 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by medical device maker EDAP TMS ( EDAP ) and biopharmaceutical company Grifols ( GRFS ) , which rose 3.2%...
CANADA STOCKS-TSX falls after BoC trims borrowing costs
CANADA STOCKS-TSX falls after BoC trims borrowing costs
Jul 24, 2024
* TSX down 0.2% * BoC trims rates by 25-basis points * Healthcare stocks tumble (Updated at 11:05 a.m. ET/1505 GMT) By Nikhil Sharma July 24 (Reuters) - Canada's main stock index slipped on Wednesday after the country's central bank cut the interest rates in line with investors' expectations and trimmed its 2024 growth forecast. At 11:05 a.m. ET (1505...
GLOBAL MARKETS-Stocks dragged down by megacap tech, oil edges up
GLOBAL MARKETS-Stocks dragged down by megacap tech, oil edges up
Jul 24, 2024
* Wall Street stocks dip * Benchmark 10-year yields lower * Europe's STOXX down 0.3% * Gold climbs, dollar index weakens * Oil prices climb (Updates with U.S. markets, recasts headline, adds analyst comment) By Lawrence White and Chibuike Oguh LONDON/NEW YORK, July 24 (Reuters) - Stocks sagged worldwide on Wednesday as earnings from Tesla and European luxury brands disappointed,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved