TSX Falls on Mining Losses

2026-11-10 21:23 By Isabela Couto 1 min. read

The S&P/TSX Composite fell 0.8% to close at 36,170 on Tuesday, weighed down by losses in the mining sector.

Miners posted sharp losses as gold prices tumbled on hotter-than-expected US inflation and hawkish remarks from Federal Reserve officials.

Agnico Eagle fell 4.5%, Barrick tumbled 5.6%, WPM dropped 4.4%, and Franco-Nevada shed 2.5%.

Equinox Gold tumbled 6.2% as adjusted Q3 EPS fell short of expectations, and Endeavour Silver lost 2.8% after narrowing its full-year gold production guidance.

Meanwhile, oil prices extended losses as investors increasingly anticipated a diplomatic resolution to the US-Iran conflict.

Lower energy prices provided some relief to credit-sensitive sectors: Great-West Lifeco rose 2.7% and Fairfax Financial added 2.5%.

iA Financial rose 1.5% after beating EPS estimates and raising its quarterly common dividend.

Still, most major banks edged lower.

Elsewhere, Hydro One gained 0.6% despite missing EPS expectations.



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TSX Falls on Mining Losses
The S&P/TSX Composite fell 0.8% to close at 36,170 on Tuesday, weighed down by losses in the mining sector. Miners posted sharp losses as gold prices tumbled on hotter-than-expected US inflation and hawkish remarks from Federal Reserve officials. Agnico Eagle fell 4.5%, Barrick tumbled 5.6%, WPM dropped 4.4%, and Franco-Nevada shed 2.5%. Equinox Gold tumbled 6.2% as adjusted Q3 EPS fell short of expectations, and Endeavour Silver lost 2.8% after narrowing its full-year gold production guidance. Meanwhile, oil prices extended losses as investors increasingly anticipated a diplomatic resolution to the US-Iran conflict. Lower energy prices provided some relief to credit-sensitive sectors: Great-West Lifeco rose 2.7% and Fairfax Financial added 2.5%. iA Financial rose 1.5% after beating EPS estimates and raising its quarterly common dividend. Still, most major banks edged lower. Elsewhere, Hydro One gained 0.6% despite missing EPS expectations.
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TSX Falls as Mining Stocks Dip
The S&P/TSX Composite fell over 0.5% to hover near 36,000 on Tuesday as declining gold prices pressured mining stocks. Gold fell sharply on hotter-than-expected US inflation and hawkish remarks from Federal Reserve Governor Waller. Agnico Eagle fell and WPM over 4% each, and Barrick shed more than 5%. Oil prices extended losses as investors increasingly anticipated a diplomatic resolution to the US-Iran conflict. Lower energy prices provided some relief to credit-sensitive sectors. TD Bank rose over 0.5%. On the earnings front, iA Financial rose near 3% after beating EPS estimates and raising its quarterly common dividend. Hydro One edged 0.4% higher despite missing EPS expectations. Equinox Gold tumbled 5% as adjusted EPS fell short, and Endeavour Silver tumbled lost almost 4% after narrowing its full-year gold production guidance.
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2026-11-10