TSX Gives Up Record High

2025-11-13 14:58 By Felipe Alarcon 1 min. read

The S&P/TSX Composite fell about 0.4% to under the 30,730 level on Thursday, losing ground after yesterday’s record as a renewed rotation out of richly valued tech names hit the index while energy and pockets of financial strength limited the drop.

Tech names led the weakness with Shopify and Constellation Software down more than 3% and 2% respectively, while Celestica plunged nearly 7% after a downgrade that cited limited upside following its recent rerating.

Energy producers cushioned the decline, with Canadian Natural, Suncor, Imperial Oil and Cenovus rising roughly 0.8% to 1.3% as oil retraced earlier losses.

Manulife (1.3%) outperformed after reporting stronger quarterly results, helped by its Asia operations, which provided further support to financials.

With US federal operations restarted following the passage of the funding bill, investors are now parsing the reflow of official data and fresh corporate releases for clues on the growth and earnings outlook.



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