By Adriano Marchese
Toronto's indexes were firmly lower in midday trading Tuesday, dragged by a broad-based decline among nearly all Canadian sectors. The biggest laggard was tech, followed by materials and distribution services. Only communication stocks were higher in the session, though only slightly.
Canada's S&P/TSX Composite Index fell 1% to 29968.48 and the blue-chip S&P/TSX 60 retreated by 0.9% to 1768.54.
Shopify executives said consumer spending is holding up across the millions of merchants on its ecommerce platform, powering strong sales growth in its third quarter that is carrying over into the critical holiday season. Shares were down 3.6% to 234.07 Canadian dollars ($166.52) but the stock is still up 53% year-to-date.
Other market movers:
Pet Valu's shares fell by 15% to C$30.31 after the Canadian pet supplies retailer trimmed its revenue target for the year while growth in the latest quarter fell short of market expectations.
Gibson Energy's shares were 4.6% lower at C$22.65 after the energy-infrastructure company's underlying earnings came in slightly below expectations despite record volumes in the latest quarter.
Thomson Reuters reported a rise in third-quarter profit and revenue growth that has benefited from growing demand for its artificial intelligence products. Shares fell 5.4% to C$207.12.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 04, 2025 12:05 ET (17:05 GMT)
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