The S&P/TSX Composite's October 29 close was 36,249.03, down 0.04%, with mining and technology shares weighing on the index.
The October 29 close
The S&P/TSX Composite Index ended Thursday at 36,249.03, a decline of 16.06 points or about 0.04%, according to the day's market report from Reuters. The modest pullback ended a three-session advance. A nearly unchanged headline index can conceal meaningful moves within sectors and individual stocks.
Which sectors mattered
Mining and technology shares weighed on the Toronto benchmark. Weakness among mining producers followed earnings reports and lower precious-metals prices, while technology names faced broader concerns over the cost of artificial intelligence investment. Bank shares generally held up better. These are observations about that day's trading, not reliable forecasts of the next session.
Interest-rate backdrop
On October 28, the Bank of Canada increased its policy interest rate by 25 basis points to 2.50%. The central bank said persistently elevated energy prices could spread inflation pressures to other goods and services. This provides important context for how investors may evaluate rate-sensitive sectors, but the Bank of Canada's announcement was the previous day and should not be presented as a second rate increase on October 29.
What comes next
Investors will assess upcoming Canadian corporate earnings, developments in energy markets and new economic releases. The Bank of Canada's next scheduled rate announcement is December 9, 2026. Any change to monetary policy or company outlook needs confirmation from the relevant original source; intraday quotes should not be mixed with official closing values.
Sources & transparency
Reuters — TSX closes nearly flat, October 29Bank of Canada — October 28 interest-rate decisionOriginal CDN News coverage. Sources are linked for reference.
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