Canada Stocks: TSX edges lower as miners weigh; investors assess US inflation data, falls for month

First Quantum Minerals

30/09/2026 21:40

Updated throughout
Sept 30 (Reuters) - Canada's main stock index edged lower on Wednesday to end down for the month as declines in mining and other sectors outweighed gains in energy stocks, while investors assessed softer-than-expected US inflation data.
The Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE fell 0.63% to 35,235.87 points at the close. 
Trade was relatively quiet for an end-of-month session on the TSX due to Canada's National Day for Truth and Reconciliation, a holiday recognized by many companies, institutions and governments.
The TSX notched a loss for the month, falling 2.9% from 36,270 on August 31 to 35,235 on September 30. 
The Canadian benchmark snapped a five-month winning streak following a volatile September marked by rising global bond yields, a Fed rate hike and escalating Canada-US trade tensions.
US stock indexes moved higher as cooler-than-expected inflation data reduced expectations that the Federal Reserve will raise interest rates again next month
On the TSX, sectors were split between gainers and losers. 
Mining shares dropped 1% as gold XAU= and silver XAG= fell GOL/
Ag Growth International AFN.TO soared almost 28% on the company saying it had achieved covenant relief on its financing
The healthcare sector was the biggest decliner, down more than 2%, with medical cannabis producer Curaleaf Holdings CURA.TO falling over 7%. Materials and financials also fell. 
The energy sector .SPTTEN and Telecoms led gains. 
Brent crude was on track for a monthly gain of about 14%, its biggest since July, as US-Iran talks aimed at ending their war stalled and tight fuel markets continued to underpin prices. O/R
"It's going to be really volatile day-to-day. There's no clear directional move until we get more stability and clarity out of the Middle East," said Michael Dehal, senior portfolio manager at Dehal Investment Partners at Raymond James 
Still, the index was on track to post a ninth straight quarterly gain, its longest such streak on record. 
Among other movers, First Quantum Minerals FM.TO initially slumped 31% after Panama's government recommended an orderly closure of the mining company's Cobre Panama mine, but regained about half the losses during the session. 

(Reporting by Darshan Kumar and Ragini Mathur in Bengaluru and Ed White in Winnipeg; Editing by Tasim Zahid and David Gaffen)
((ed.white@thomsonreuters.com))