TORONTO — Canada’s main stock index was down nearly 500 points, weighed down by losses in the technology and base metal sectors, while U.S. stocks also fell in late-morning trading.
The S&P/TSX composite index was down 476.02 points at 35,865.38 a day after stock markets in Canada and the United States posted big gains following the U.S. midterm elections that saw Democrats take control of Congress.
In New York, the Dow Jones industrial average was down 1,136.98 points at 52,219.14. The S&P 500 index was down 212.50 points at 7,476.12, while the Nasdaq composite was down 1,019.48 points at 24,717.03.
The Canadian dollar traded for 71.44 cents US compared with 71.63 cents US on Wednesday.
The December crude oil contract was up US$2.28 at US$90.40 per barrel.
The December gold contract was up US$29.80 at US$4,102.80 an ounce.
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This report by The Canadian Press was first published Nov. 5, 2026.
