S&P/TSX composite down more than 100 points, U.S. stock markets also fall

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TORONTO - Canada's main stock index fell more than 100 points in late-morning trading, weighed down by losses in the technology sector, while U.S. stock markets also tumbled.

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TORONTO – Canada’s main stock index fell more than 100 points in late-morning trading, weighed down by losses in the technology sector, while U.S. stock markets also tumbled.

The S&P/TSX composite index was down 134.98 points at 32,955.98.

In New York, where markets were closed for the Martin Luther King Jr. Day holiday on Monday, the Dow Jones industrial average was down 586.74 points at 48,772.59. The S&P 500 index was down 79.32 points at 6,860.69, while the Nasdaq composite was down 311.06 points at 23,204.33.

Trader John Mauro works on the floor of the New York Stock Exchange, Tuesday, Jan. 20, 2026. (AP Photo/Richard Drew)
Trader John Mauro works on the floor of the New York Stock Exchange, Tuesday, Jan. 20, 2026. (AP Photo/Richard Drew)

The Canadian dollar traded for 72.32 cents US compared with 72.10 cents US on Monday.

The March crude oil contract was up 81 cents US from Friday at US$60.15 per barrel.

The February gold contract was up US$144.70 from Friday at US$4,740.10 an ounce.

This report by The Canadian Press was first published Jan. 20, 2026.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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