Toronto market closes lower as technology and mining sectors struggle
The S&P/TSX Composite Index dropped 0.48 percent today as losses in technology and mining offset gains in energy and communications amid global market shifts.
Insights:
The S&P/TSX Composite Index closed down 0.48 percent at 32,812.69 points on 29 January 2026. The decline followed significant weakness in technology shares in the United States 
USwhich spilled over into the Toronto market and pressured local valuations. This market-driven volatility occurred as investors digested earnings from technology giants in the United Statesthat pointed to another surge in spending on artificial intelligence.
USwhich spilled over into the Toronto market and pressured local valuations. This market-driven volatility occurred as investors digested earnings from technology giants in the United Statesthat pointed to another surge in spending on artificial intelligence.
