Canadian Stocks Drop as Gold Plunges, Inflation Accelerates
Canada's stocks benchmark tumbled on Tuesday, underperforming its US counterpart, as inflation quickened more than expected and falling gold prices weighed on the mining sector.
The S&P/TSX Composite Index dropped as much as 1.8% as of 11:55 a.m. in Toronto, heading for its worst day since April 10.
This performance stands in sharp contrast to the US benchmark, the S&P 500, which is gaining for a third-straight session.
Canada's stocks benchmark tumbled Tuesday, under-performing its U.S. counterpart as inflation in the country quickened more than expected while falling gold prices weighed on the mining sector.
Written by Geoffrey Morgan and Monique Mulima (Bloomberg) on October 21, 2025, at 9:00 AM.
Author's summary: Canadian stocks drop due to inflation and gold price fall.