Steep declines in commodity costs throughout the board, disappointing U.S. current dwelling gross sales information, and combined company earnings triggered a selloff in Canadian equities on Thursday as traders additionally turned cautious forward of the upcoming U.S. shopper inflation report. The S&P/TSX Composite Index tanked by 789 factors, or 2.4%, to 32,465 — registering its largest single-day share drop up to now in February.
With gold, silver, and copper costs falling sharply after rising for a number of days, Canadian mining shares led the selloff, weighing closely on the resource-heavy TSX index. Though shares of shopper staples and utility firms confirmed resilience, the defensive features had been restricted and failed to forestall a broad market retreat, as most different key sectorstogether with industrials, expertise, and actual property, additionally dived.
Prime TSX Composite movers and energetic shares
NovaGold Sources, WSP International, DPM Metalsand Aya Gold & Silver had been the worst-performing TSX shares for the day, with every falling by greater than 11%.
On the brighter facet, Solar Life Monetary (TSX:SLF) jumped 6.3% to $93.64 per share, making it the day’s top-performing TSX inventory. The rally got here after the insurer posted stronger-than-expected fourth-quarter and full-year 2025 outcomes, highlighted by a 13% YoY (year-over-year) rise in its underlying quarterly internet revenue to $1.09 billion.
For the complete 12 months, Solar Life’s underlying internet revenue additionally climbed 9% YoY to $4.2 billion, backed by stable progress throughout asset administration, Canada, the U.S., and Asia segments. Buyers additionally appeared inspired by the corporate’s robust capital place, with a 157% Life Insurance coverage Capital Adequacy Check (LICAT) ratio and a 4% rise in its whole belongings below administration to $1.6 trillion.
Equally, robust earnings drove the shares of Keyera (TSX:KEY) up by 4% to $51.03 apiece. Whereas the power agency’s fourth-quarter adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) got here in at $301 million, its distributable money circulation rose sharply to $206 million.
Keyera additionally delivered a document annual fee-for-service realized margin of over $1 billion in 2025, supported by greater contracted volumes in its gathering and processing and liquids infrastructure segments. On a year-to-date foundation, KEY inventory is now up 16%.
AltaGas and Identified had been additionally among the many session’s high gainers on the Toronto Inventory Tradeas they climbed by no less than 3.6% every.
Primarily based on their day by day commerce quantity, Enbridge, Telus, Manulife Monetary, Allied Properties REITand Cenovus Vitality had been the 5 most energetic shares on the trade.
TSX as we speak
Most commodity costs, together with crude oil, pure fuel, and valuable metals, continued their downward development in early Friday buying and selling, pointing to a different cautious begin for the TSX as we speak.
Whereas no main home financial releases are due, Canadian traders will carefully monitor January’s shopper inflation information from the USA this morning for clearer path on rate of interest expectations.
Forward of the lengthy Household Day weekend in Canada, many TSX-listed firms, together with TC Vitality, Cameco, Magna WorldwideEnbridge, Hydro Oneand Colliers Worldwidewill launch their newest quarterly earnings experiences as we speak, which may preserve their shares within the highlight all through the session.