TSX Fluctuates Amid Wall Street Tech Selloff

2026-11-13 19:34 By Isabela Couto 1 min. read

The S&P/TSX Composite Index fluctuated around 36,000 as a technology selloff spilling over from Wall Street weighed on equities, though gains in defensive stocks helped offset the decline.

The Nvidia leadership crisis triggered another rout in the technology sector.

Beyond CEO Huang’s resignation over an alleged relationship with a suspected Chinese spy, Nvidia faces heightened regulatory scrutiny, including probes into whether US export restrictions were circumvented in sales to Chinese companies.

Dip buyers remained cautious on the AI trade ahead of Nvidia’s earnings next week.

Celestica fell nearly 6%, while Constellation Software and Shopify were volatile.

Meanwhile, major banks were subdued as volatile oil prices heightened inflation concerns amid expectations for a BoC rate hike before year-end, with RBC and TD Bank edging lower.

In contrast, energy producers posted gains.

The index was set for a weekly gain of nearly 1%.



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TSX Fluctuates Amid Wall Street Tech Selloff
The S&P/TSX Composite Index fluctuated around 36,000 as a technology selloff spilling over from Wall Street weighed on equities, though gains in defensive stocks helped offset the decline. The Nvidia leadership crisis triggered another rout in the technology sector. Beyond CEO Huang’s resignation over an alleged relationship with a suspected Chinese spy, Nvidia faces heightened regulatory scrutiny, including probes into whether US export restrictions were circumvented in sales to Chinese companies. Dip buyers remained cautious on the AI trade ahead of Nvidia’s earnings next week. Celestica fell nearly 6%, while Constellation Software and Shopify were volatile. Meanwhile, major banks were subdued as volatile oil prices heightened inflation concerns amid expectations for a BoC rate hike before year-end, with RBC and TD Bank edging lower. In contrast, energy producers posted gains. The index was set for a weekly gain of nearly 1%.
2026-11-13
TSX Wavers Amid Oil Volatility
The S&P/TSX Composite Index wavered around 36,000 on Friday, as major banks posted losses while miners and tech stocks gained. Meanwhile, crude oil prices rose in a volatile session amid persistent US-Iran tensions after President Trump stated the US no longer needs a deal with Iran, dampening hopes for a diplomatic resolution. Major banks were subdued as rising oil prices heightened inflation concerns amid expectations for a BoC rate hike before year-end. Conversely, Canadian Natural, Suncor, and Imperial Oil edged higher. Miners gained as gold prices rose, with Agnico Eagle, Barrick, and Franco-Nevada up about 1% each. Most tech stocks posted gains, rebounding after recent losses triggered by Nvidia’s leadership crisis which injected uncertainty into the AI trade and the broader global technology sector. Shopify rose 2%, and Constellation Software added more than 1%. In contrast, Celestica tumbled 6%.
2026-11-13
Canadian Futures Hover Near Flat
Futures tracking Canadian equities were muted on Friday as oil prices were nearly flat and gold edged higher, while Jensen Huang’s resignation as Nvidia CEO continued to weigh on the technology sector. Global stocks were subdued after a turbulent week dominated by news of Huang’s alleged relationship with a suspected Chinese spy, which led to his resignation and created uncertainty in the AI trade and the broader technology sector. Shopify inched lower in US pre-market trading, while Celestica rose. Meanwhile, oil prices hovered near the flatline amid uncertainty over US-Iran diplomacy prospects. US-listed Canadian energy producers gained in pre-market trading, while major banks were mixed amid energy-driven inflation worries. Markets expect the BoC to raise interest rates again before year-end, ahead of fresh inflation data due next week. The S&P/TSX Composite Index is set to rise nearly 2% on the week.
2026-11-13