Stock Markets October 1, 2026 04:30 PM

Toronto market slips as Materials, Industrials and Telecoms drag S&P/TSX to one-month low

S&P/TSX Composite falls 0.23% with mixed individual stock moves; commodities and FX see minor changes

By Ajmal Hussain
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EFX ARE TKO

Canada's main equity index closed lower after Thursday trading, with the S&P/TSX Composite sliding 0.23% to a one-month low. Losses concentrated in the Materials, Industrials and Telecoms sectors outpaced gains, while notable individual movers included double-digit gains for Enerflex and steep declines for DPM Metals. Commodity and currency metrics changed only marginally at the close.

Toronto market slips as Materials, Industrials and Telecoms drag S&P/TSX to one-month low
EFX ARE TKO
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Key Points

  • S&P/TSX Composite fell 0.23% to a one-month low, with Materials, Industrials and Telecoms leading declines.
  • Market breadth showed more falling issues than advancing ones - 586 decliners versus 373 advancers, 63 unchanged.
  • Notable individual moves included Enerflex (EFX) rising 11.89% and DPM Metals (DPM) dropping 8.91%; commodity and FX moves were modest.

Canada's stock market ended Thursday's session in negative territory as sector declines drove the S&P/TSX Composite down 0.23%, leaving the index at a fresh one-month low at the Toronto close.

Sectors that weighed on the market were Materials, Industrials and Telecoms, which together contributed to the downward pressure on the index. At the close, decliners outnumbered advancers on the Toronto Stock Exchange by a margin of 586 to 373, while 63 issues finished unchanged.

Top performers

  • Enerflex Ltd. (TSX: EFX) led gains, jumping 11.89% or 3.85 points to finish at 36.23.
  • 5N Plus Inc. (TSX: VNP) rose 5.90% or 1.79 points to close at 32.11.
  • Aecon Group Inc. (TSX: ARE) advanced 5.03% or 2.72 points to end the session at 56.82.

Largest decliners

  • DPM Metals Inc. (TSX: DPM) posted the steepest loss, falling 8.91% or 5.59 points to 57.16 at the close.
  • Trevor Metals Limited (TSX: TKO) declined 5.93% or 0.75 points to 11.89.
  • Saputo Inc. (TSX: SAP) slipped 4.75% or 1.90 points to finish at 38.11.

Implied volatility on the S&P/TSX options, as measured by the S&P/TSX 60 VIX, eased during the session, falling 3.75% to 13.60.

Commodity markets showed only modest movement at the close. December gold futures were up 0.09%, adding 3.90 to trade at 4,206.20 a troy ounce. In oil, the November crude contract inched higher by 0.06% to $92.93 a barrel, while the December Brent contract rose 0.03% to $102.34 a barrel.

On currencies, the Canadian dollar was essentially flat versus major peers. CAD/USD held steady, changing by 0.04% to 0.70, and CAD/EUR was unchanged at 0.62. The US Dollar Index futures moved lower by 0.09% to 101.79.


This snapshot of the Toronto close captures the market's breadth, key individual stock moves and the related commodity and currency context as trading wrapped up on Thursday.

Risks

  • Persistent weakness in Materials, Industrials and Telecoms could continue to exert downward pressure on the S&P/TSX Composite - these sectors were the session's primary drag.
  • Uneven market breadth, reflected by the larger number of declining issues versus advancing ones, signals short-term market vulnerability across multiple sectors.
  • Shifts in commodity prices and currency levels, though modest at the close, have the potential to influence sector performance, particularly for materials and energy stocks.

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