S&P/TSX composite down more than 300 points, price of oil moves higher

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TORONTO — Canada’s main stock index was down more than 300 points in late-morning trading, weighed down by losses in the base metal, technology and telecom sectors, while U.S. stock markets also fell amid a rise in oil prices.

The November crude oil contract was up US$2.99 at US$95.40 per barrel.

• Real-time TSX market updates here

The S&P/TSX composite index was down 341.98 points at 35,458.91.

In New York, the Dow Jones industrial average was down 386.05 points at 51,442.57. The S&P 500 index was down 64.80 points at 7,678.61, while the Nasdaq composite was down 279.38 points at 26,789.34.

• S&P 500 market updates here

The Canadian dollar traded for 70.58 cents US compared with 70.70 cents US on Friday.

The December gold contract was down US$168.00 at US$4,153.20 an ounce.

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This report by The Canadian Press was first published Sept. 28, 2026.