12:26 PM EDT, 04/28/2026 (MT Newswires) -- The Toronto Stock Exchange is down 180 points at midday, pulled lower by the technology and materials sectors, both down 4.0%.

Celestica ( CLS ) , which reported a first-quarter earnings beat on Monday, is down 15% to $488.00 at midday.

Energy and telecoms are the best performers, up 2.6% and 1.1%, respectively. Telus ( TU ) which earlier today announced a partnership with Technotree, is up 2.3% with over 4-million shares being traded. The Globe & Mail also reports that Telus ( TU ) was upgraded to buy, from hold at at TD Cowen.

The federal government will table its spring economic update at 4:00 p.m. today with Prime Minister Mark Carney hinting at a rosier bottom line and smaller-than-forecasted deficits, CBC News reports. Budget watchers are expecting a lower deficit.

In company news, Barrick Mining ( B ) provided an update regarding the planned initial public offering of a minority stake of a new company that will hold its North American gold assets, the company said Tuesday. In reaction, National Bank said its outperform rating remains based on Barrick's discounted valuation, future advancement of Fourmile and the upcoming value realization of its North American assets. "Advancing exploration at Fourmile represents a significant value driver for the company and given the previously announced resolution of Loulo-Gounkoto in Mali, supports a further re-rating. With a retooled focus on growing gold production in the Americas (centered around Nevada) and continued operational improvements, we see the potential for more sustainable multiple expansion going forward," the bank added.