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S&P/TSX composite down more than 500 points, U.S. stock markets also fall

  • On Feb. 4, 2026, Canada's main stock index fell in late-morning trading in Toronto, this report said.
  • Sector-Specific selling, led by base metals and technology, undercut the TSX as losses in these sectors dragged it lower while U.S. stock markets diverged intraday.
  • Divergent U.S. index moves saw the Dow higher while the S&P 500 and Nasdaq declined, with the April gold contract up US$15.80 at US$4,950.80 an ounce.
  • By the close, the TSX had reversed course and finished higher, with the S&P/TSX composite index up 182.95 points at 32,571.55, helped by consumer cyclicals sector gains.
  • The Canadian dollar and crude oil prices set a backdrop for trading, with the Canadian dollar at 73.16 cents US and the March crude oil contract up US$1.93 at US$65.14 per barrel on Tuesday.
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The Record broke the news in Waterloo, Canada on Wednesday, February 4, 2026.
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