Canada Stock Market Down Today: Why is S&P/ TSX Composite Index Falling Below 36,000? Check Banking, Mining Sector Losses & Latest Market Updates | Here’s What Investors Need to Watch

Canada’s main stock market index, the S&P/TSX Composite Index, declined by more than 350 points on Wednesday, October 14, 2026, falling below the 36,000 mark. The decline came amid losses in major Canadian banking stocks, weakness in mining and precious metals companies, and negative sentiment across North American markets.

Investors remained cautious following higher-than-expected US inflation data and uncertainty over the Federal Reserve’s future interest rate decisions.

Canada Stock Market Down Today: Why Is the S&P/TSX Composite Index Falling?

The S&P/TSX Composite Index came under pressure as multiple sectors recorded losses. The benchmark index, which tracks major companies listed on the Toronto Stock Exchange, fell by more than 350 points, with losses approaching 400 points during the session.

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Weakness in financial and materials stocks contributed to the decline. The fall in US equities also affected investor sentiment, adding to selling pressure in the Canadian market.

Canada Stock Market Down Today: Banking Stocks Slide

Major Canadian banking stocks, including Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Montreal (BMO) and Canadian Imperial Bank of Commerce (CIBC), declined by approximately 1% each.

The losses came as investors assessed US inflation figures and their possible impact on Federal Reserve policy. Persistent inflation could limit the central bank’s ability to cut interest rates, potentially affecting borrowing costs, economic growth and financial market sentiment.

Investors also continued to monitor lending conditions and credit-related risks across the banking sector.

S&P/TSX Composite Index Today: Mining and Precious Metals Stocks Fall