Stock Markets May 13, 2026 04:30 PM

Toronto benchmark slips as Consumer Discretionary, REITs and IT weigh on market

S&P/TSX Composite closes down 0.73% as mixed commodity and currency moves accompany notable individual stock swings

By Jordan Park BYD

Canadian equities finished lower on Wednesday, with losses concentrated in Consumer Discretionary, REITs and Information Technology. The S&P/TSX Composite fell 0.73% at the close in Toronto. Several individual names posted sharp moves in both directions while volatility measures eased to a one-month low.

Toronto benchmark slips as Consumer Discretionary, REITs and IT weigh on market
BYD

Key Points

  • S&P/TSX Composite closed down 0.73% after the Toronto session.
  • Consumer Discretionary, REITs and Information Technology led sector declines.
  • Notable stock moves included strong gains in Finning International, AbraSilver and Capstone, and sharp drops in Boyd Group, WSP Global and Stantec.

Canada's main equity gauge closed in negative territory on Wednesday, driven by declines in the Consumer Discretionary, REITs and Information Technology sectors.

At the Toronto close the S&P/TSX Composite was lower by 0.73%.

The session's largest percentage gainers included Finning International Inc. (TSX:FTT), which jumped 8.70% - rising 8.40 points to finish at 104.97. AbraSilver Resource Corp (TSX:ABRA) advanced 7.52% - up 1.33 points to end at 19.02. Capstone Mining Corp (TSX:CS) added 4.93% - a gain of 0.67 points to reach 14.25 in late trade.

On the downside, Boyd Group Services Inc (TSX:BYD) led losses, plunging 11.98% - down 18.32 points to close at 134.54. WSP Global Inc (TSX:WSP) declined 6.54% - a drop of 13.57 points to finish at 194.00. Stantec Inc (TSX:STN) fell 6.42% - losing 7.33 points to end the day at 106.92.

Decliners outnumbered advancers on the Toronto Stock Exchange by 507 to 474, while 76 stocks finished unchanged.

Several companies recorded milestone moves during the session. Finning International's shares moved to an all-time high, closing at 104.97 after an 8.70% gain. Boyd Group Services hit a three-year low with its 11.98% decline to 134.54. AbraSilver's stock climbed to a five-year high, ending at 19.02 following a 7.52% rise. WSP Global and Stantec each fell to 52-week lows, with WSP at 194.00 after losing 6.54% and Stantec at 106.92 after a 6.42% drop.

Market volatility, as measured by the S&P/TSX 60 VIX which tracks implied volatility of S&P/TSX Composite options, eased 1.07% to 15.66, marking a new one-month low.


In commodities trading, June Gold Futures rose 0.29% - up 13.39 to $4,700.09 a troy ounce. Crude oil for June delivery fell 0.93% - down 0.95 to $101.23 a barrel. The July Brent contract retreated 1.87% - off 2.01 to trade at $105.76 a barrel.

Currency markets were largely stable. CAD/USD was virtually unchanged, moving 0.06% to 0.73, while CAD/EUR registered an unchanged 0.16% to 0.62. The US Dollar Index Futures gained 0.20% to 98.38.

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Risks

  • Persistent weakness in Consumer Discretionary, REITs and IT sectors could keep the index under pressure - impact felt across equity markets and companies within those sectors.
  • Significant single-stock declines, such as the drop in Boyd Group Services, highlight idiosyncratic downside risk for investors in individual names.
  • Commodity price shifts, with oil easing and gold rising, may introduce earnings and valuation volatility for resource-linked companies.

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