Stocks in Toronto aped their American cousins and lurched much lower Monday, highlighted by weakness in tech and real-estate issues.
The TSX swooned 250.25 points to 30,076.21.
The Canadian dollar skidded 0.18 cents to 71.15 cents U.S.
Reuters reported that the board of Barrick Mining has raised the possibility of splitting the company into two separate entities, citing sources close to the company. Barrick shares closed Monday down five cents to $51.95.
Stantec's shares fell $9.18, or 6.2% to $139.45, after Stifel cut its target price on the engineering service provider to $169 from $175.
Tech weighed most heavily on the laggards, particularly Dye & Durham, tumbling 17 cents, or 5.4%, to $2.96, while Lightspeed dumped 83 cents, or 4.9%, to $16.14.
In gold stocks, Aya Gold docked 78 cents, or 5.3%, to $14.09, while B2Gold picked up 14 cents, or 2.4%, to $5.64.
In real-estate, Colliers International dumped $9.80, or 4.8%, to $195.74, while FirstService Corporation dropped $7.13, or 3.3%, to $211.77.
Consumer staples tried to even things out with Empire Company gaining 94 cents, or 1.8%, to $52.57, while Maple Leaf Foods advanced 35 cents, or 1.5%, to $24.50.
In telecoms, Quebecor hiked $1.11. or 2.2%, to $52.31, while BCE added 37 cents, or 1.2%, to $32.38.
On matters macroeconomic, Statistics Canada says foreign investors added $31.3 billion of Canadian securities to their holdings in September, closing the third quarter with investments totaling $80.3 billion.
Meanwhile, Canadian investors acquired $22.1 billion of foreign securities in September, for a total of $57.6 billion in the third quarter.
In September, 168,731 new motor vehicles were sold in Canada, up 1.2% from September 2024.
The agency’s consumer price index for October rose 2.2% year over year in October, down from a 2.4% increase in September. On a seasonally adjusted monthly basis, the CPI rose 0.1% in October.
Finally, the Canadian Real Estate Association reported Monday that the number of home sales recorded over Canadian MLS Systems edged up 0.9% on a month-over-month basis in October 2025, marking six monthly gains in the last seven months.
ON BAYSTREET
The TSX Venture Exchange finished sharply lower, 20.23 points, or 2.3%, to 859.65.
All but two of the 12 TSX subgroups stayed red by the close, with information technology off 2.7%, while real-estate bowed 1.8%, and gold lost 1.7%.
The two gainers proved to be consumer staples, up 0.5% and telecoms, managing gains of 0.3%.
ON WALLSTREET
Stocks pulled back on Monday, plagued once again by declines in tech, as Wall Street awaited key releases this week, including Nvidia earnings and the September jobs report.
The Dow Jones Industrials index collapsed 557.24 points, or 1.2%, to 46,590.24, as losses in the artificial intelligence chip darling along with Salesforce and Apple pushed the blue-chip index lower.
The S&P 500 faded 61.69 points to close at 6,672.42.
The NASDAQ went south 192.51 points to 22,708.08.
Nvidia dropped 1.9% ahead of the company’s third-quarter results, which are scheduled for after the bell on Wednesday.
The chipmaker and other names in the AI trade were a source of recent pressure as investors have grown anxious about stretched valuations.
Blue Owl Capital, a private credit lender, dropped 7% amid concerns about its heavy lending related to the AI datacenter buildout.
Following Nvidia, Walmart will report before the market opens Thursday, and those results could offer insights into just how tapped out the consumer is and demonstrate if spending is bifurcated, the strategist said.
Alphabet was a bright spot in Monday’s session, surging nearly 3% after Warren Buffett’s Berkshire Hathaway revealed it had taken a stake in the Google and YouTube parent.
Investors were encouraged that Berkshire still finds value in the AI name after a big run this year, although Buffett himself likely was not directly responsible for the purchase, but rather his two equity managers.
Investors were encouraged that Berkshire still finds value in the AI name after a big run this year, although Warren Buffett himself likely was not directly responsible for the purchase, but rather his two equity managers.
The chipmaker and other names in the AI trade were a source of recent pressure as investors have grown anxious about stretched valuations.
Prices for the 10-year Treasury edged up slightly, lowering yields to 4.14% from Friday’s 4.15%. Treasury prices and yields move in opposite directions.
Oil prices declined 31 cents to $59.78 U.S. a barrel.
Gold prices stumbled $58.40 to $4,035.80 U.S. an ounce.
