S&P/TSX composite down more than 350 points, U.S. stock markets also fall

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TORONTO - Canada's main stock index was down more than 350 points in late-morning trading, weighed down by losses in the industrial, technology and base metal sectors, while U.S. stock markets also fell.

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TORONTO – Canada’s main stock index was down more than 350 points in late-morning trading, weighed down by losses in the industrial, technology and base metal sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 373.20 points at 36,180.72.

In New York, the Dow Jones industrial average was down 347.87 points at 53,212.12. The S&P 500 index was down 34.23 points at 7,677.53, while the Nasdaq composite was down 89.63 points at 26,312.79.

A board above the trading floor of the New York Stock Exchange is shown in this image, Tuesday, July 1, 2025. (AP Photo/Richard Drew)
A board above the trading floor of the New York Stock Exchange is shown in this image, Tuesday, July 1, 2025. (AP Photo/Richard Drew)

The Canadian dollar traded for 72.11 cents US compared with 72.00 cents US on Friday.

The October crude oil contract was up US$1.76 at US$85.16 per barrel.

The December gold contract was down US$45.30 at US$4,484.60 an ounce.

This report by The Canadian Press was first published Aug. 31, 2026.

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

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