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S&P/TSX Composite Index Edges Lower Mid-Morning as Base Metal Shares Post Biggest Decline

S&P/TSX Composite Index Edges Lower Mid-Morning as Base Metal Shares Post Biggest Decline

MT newswireMT newswire2026/10/29 14:29
10:29 AM EDT, 10/29/2026 (MT Newswires) -- The S&P/TSX Composite Index nudged down Thursday morning in mixed dealings as shares in the base metal and technology sectors fell. The base metals sector dropped 1.5% on last look, as copper December futures were down 1.7%. In precious metals, gold and silver prices were also down. Shares in the information technology sector dropped 1% as technology stocks grappled with Google parent company Alphabet's disappointing third-quarter earnings report. The healthcare sector was the strongest performer, climbing 5.2%, followed by shares in the financial sector that rose 1%. In stocks, Bausch Health (BHC.TO) shares jumped 21.4% to CA$11.74. The company reported a third-quarter adjusted earnings beat and updated its 2026 revenue guidance after trade on Wednesday. Kinross Gold (K.TO) shares tumbled 5.2% to CA$30.50, after it reported a third-quarter earnings beat but missed on revenue, which it linked to a decrease in gold production and ounces sold.
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