TSX Extends Falls

2025-10-10 20:09 By Mojdeh Kazemi 1 min. read

The S&P/TSX Composite slid 1.4% to finish at the 29,850 mark on Friday, extending Thursday’s losses as declines in tech, energy, base metals, and banking stocks weighed on the market.

Investors also digested Canada’s latest employment report for signals on the trajectory of interest rates.

The economy added an unexpected 60,000 jobs in September, driven by gains in the tariff-impacted manufacturing sector, while the unemployment rate held steady at 7.1%, slightly below the market’s 7.2% forecast.

In the energy sector, Canadian Natural Resources and Cenovus Energy both dropped 4.6%, following a more than 4% slide in oil prices.

Materials stocks also struggled, with Teck Resources falling 4.8%.

Meanwhile, First Quantum Minerals slid 2.2% after JPMorgan upgraded its rating to ‘overweight’ from ‘neutral.’ For the week, the Canadian benchmark posted a 2.3% losses.

The stock market in Canada will be closed Monday for the Thanksgiving Day.



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