S&P/TSX composite down more than 500 points, U.S. stock markets also fall

A man walks past a building in Toronto that used to house the Toronto Stock Exchange on August 18 2011.THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO — Canada’s main stock index was down more than 500 points in late-morning trading, weighed down by losses in the base metal and technology sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 515.66 points at 34,701.40.

In New York, the Dow Jones industrial average was down 150.37 points at 51,411.56. The S&P 500 index was down 85.05 points at 7,499.26, while the Nasdaq composite was down 559.50 points at 26,271.46.

The Canadian dollar traded for 71.82 cents US compared with 71.96 cents US on Thursday.

The July crude oil contract was down US$1.87 at US$91.17 per barrel.

The August gold contract was down US$113.90 at US$4,391.10 an ounce.

This report by The Canadian Press was first published June 5, 2026.