S&P/TSX Composite index Down 1.6% as Base Metals Shares Fall

10:33 AM EDT, 10/30/2026 (MT Newswires) -- The S&P/TSX dropped 1.6% mid-morning Friday with most sectors lower and the baser metals sector the weakest performer. Shares in base metals companies fell 4.6% as copper December futures were down near 1.6%. In precious metals, gold and silver prices were also down. Shares in the information technology sector declined 2.7% as investors digested less-than-stellar earnings from technology heavyweight companies like Amazon and Intel. The sectors that were higher on last look were telecommunications companies, up 1.9%, and energy, up 0.7%. Oil prices jumped more than 2% mid-morning after an oil tanker in the Strait of Hormuz was attacked. In other news, Statistics Canada reported that August GDP was flat on the month. Widespread contractions in the public sector weighed on the data, the agency said, while the advance estimate for September points to a 0.1% decline in GDP.