TSX Drops Nearly 100 Points as Telecoms Weigh U.S. Markets Mixed

On October 5, 2026, Canada’s main stock index, the S&P/TSX composite, dropped nearly 100 points in late-morning trading, largely due to declines in the telecom sector. The index fell 84.83 points to 35,417.82, reflecting broader market volatility.

Meanwhile, U.S. stock markets showed mixed results. The Dow Jones industrial average lost 105.77 points, settling at 51,071.19. In contrast, the S&P 500 gained 32.02 points to reach 7,754.74, and the Nasdaq composite rose 205.08 points to 27,395.94.

The Canadian dollar weakened slightly, trading at 70.18 cents US, down from 70.20 cents US the previous Friday. Commodities also saw shifts, with the November crude oil contract falling 21 cents US to $90.90 per barrel, while the December gold contract climbed $7.40 to $4,169.70 an ounce.