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CANADA STOCKS-TSX set to snap winning streak as tech shares drag
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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.

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