Canada's benchmark S&P/TSX Composite ended the session down 2.28% after investors pushed shares broadly lower. Weakness was concentrated in the Materials, Information Technology and Energy sectors, which together contributed heavily to the decline in the index.
Top performers
- Transcontinental Inc (TSX:TCLa) led gains, rising 7.43% or 0.35 points to close at 5.06.
- Curaleaf Holdings Inc (TSX:CURA) advanced 6.57% or 1.00 points to finish at 16.21.
- Metro Inc. (TSX:MRU) added 4.37% or 3.88 points to end the session at 92.64.
Largest decliners
- TerraVest Industries Inc (TSX:TVK) plunged 31.58% or 50.03 points to close at 108.40 and touched 52-week lows during the session.
- Ero Copper Corp (TSX:ERO) fell 16.12% or 6.88 points to finish at 35.81.
- Americas Silver Corp (TSX:USA) declined 15.45% or 1.25 points to end at 6.84.
Market breadth was negative on the Toronto Stock Exchange with falling issues outnumbering advancing ones by 666 to 324; 69 issues were unchanged.
Volatility and sentiment
The S&P/TSX 60 VIX, which measures implied volatility for S&P/TSX Composite options, rose 13.08% to 14.96, signaling an increase in option-based volatility expectations.
Commodities and energy
- Gold Futures for August delivery were down 3.50% or 157.55 to $4,347.45 a troy ounce.
- Crude oil for July delivery fell 2.91% or 2.71 to $90.33 a barrel.
- The August Brent oil contract slipped 2.07% or 1.97 to trade at $93.06 a barrel.
Foreign exchange and index futures
- CAD/USD was essentially unchanged, moving 0.21% to 0.72.
- CAD/EUR was also effectively unchanged, up 0.54% to 0.62.
- The US Dollar Index Futures rose 0.67% to 100.05.
Additional note on analytical tools referenced
Material in the session referenced an AI-driven stock selection tool called ProPicks AI, which evaluates companies like Metro Inc (MRU) using more than 100 financial metrics. The tool cited past winners including Super Micro Computer (+185%) and AppLovin (+157%) as examples of notable prior outcomes identified by its process.
Overall, the Toronto market closed with a clear negative bias as sector losses outweighed a handful of notable gains.