The S&P/TSX Composite Index slipped about 0.5% on Thursday, trading just below 36,500 as it tracked weakness in US equities following a fresh wave of earnings reports. Technology shares weighed on the benchmark, led by a sharp selloff in Nvidia after its board convened to discuss the resignation of CEO and co‑founder Jensen Huang amid reports of his alleged involvement with a suspected Chinese spy.
Among other major tech names, Shopify edged down 1%, while Constellation Software lost more than 1%. In contrast, Celestica climbed nearly 4%, building on an 8.4% rally in the previous session, supported by upbeat commentary from its recent investor day and robust third‑quarter results, which helped it rebound from the global tech selloff that followed the US election.
Resource-linked stocks also faced headwinds as oil prices swung and gold prices retreated. Canadian Natural Resources declined more than 0.5%, and Agnico Eagle slid over 2.5%. Franco-Nevada fell about 1% after indicating that full-year earnings are now expected to come in around the midpoint of its earlier guidance range, rather than in the upper half as previously anticipated.
