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 >
European Equities Traded in the US as American Depositary Fall Sharply in Tuesday Trading
European Equities Traded in the US as American Depositary Fall Sharply in Tuesday Trading
Nov 12, 2024
11:22 AM EST, 11/12/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were tracking sharply lower late Tuesday morning, declining 1.71% to 1,313.74 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 Cellectis ( CLLS ) , which...
Japan's 5-year bond yield hits 15-year high amid BOJ rate hike bets
Japan's 5-year bond yield hits 15-year high amid BOJ rate hike bets
Nov 12, 2024
TOKYO, Nov 13 (Reuters) - Japan's five-year government bond yield hit a 15-year high on Wednesday as a weaker yen accelerated bets for the Bank of Japan to raise interest rates. The five-year yield rose to 0.685%, its highest level since November 2009, before inching down to 0.68%, up 3 basis points (bps) from the previous session. The 10-year JGB...
Nikkei falls after last week's rally, Wall Street's weak finish
Nikkei falls after last week's rally, Wall Street's weak finish
Nov 12, 2024
TOKYO, Nov 13 (Reuters) - Japan's Nikkei share average fell 1% on Wednesday, tracking Wall Street's weak performance overnight, while investors also booked profits after a sharp rally last week. The Nikkei was down 1.08% to 38,949.62, as of 0217 GMT, while the broader Topix slipped 0.95% to 2,715.35. Wall Street's three major indexes closed lower on Tuesday, as investors...
CANADA STOCKS-TSX hits record high after Shopify's strong earnings
CANADA STOCKS-TSX hits record high after Shopify's strong earnings
Nov 12, 2024
(Updated at 10:08 a.m. ET/ 15:08 GMT) By Nikhil Sharma Nov 12 (Reuters) - Canada's main stock index hit a record high on Tuesday, boosted by the technology sector that offset broader market losses as Shopify's ( SHOP ) shares rose on upbeat quarterly results. The S&P/TSX composite index was up 175.35 points, or 0.71%, at 24,964.63. The information technology...
Copyright 2023-2026 - www.financetom.com All Rights Reserved