Gold and silver slump drags junior indexes sharply lower

Updated Oct 30, 2026 12:31pm ET

Markets

The S&P/TSX Composite was down 703.99 points, or 1.94%, at 35,545.04 in midday trade, with technology and base metal stocks weighing. Statistics Canada reported that real GDP showed no meaningful change in August, the second month in a row, and media reports said a decline in September is possible. Oil was up 2.12% at US$104.16 so far today, while Iran's Revolutionary Guard claimed three tankers exploded in the Strait of Hormuz. Imperial Oil reported third-quarter profit of $5.11 per share against forecasts of $4.70. The Nasdaq Composite was down 2.60% so far today.

Venture & CSE

The S&P/TSX Venture Composite was down 2.55% at 805.53 in midday trade, and the CSE Composite was down 3.25% at 136.24. Gold was down 3.11% at US$3,906.0 and silver down 5.92% at US$49.280 so far today. Goliath Resources, a TSXV-listed explorer, said it raised $9.8 million for exploration in the Golden Triangle. Stallion Uranium announced a technical partnership with Axiom Exploration Group, along with leadership changes, covering its Moonlite Project and wider portfolio. Bitcoin futures were down 4.13% at 77,735 so far today, after news of the US$6.3 billion Binance hack.

Market data

Oct 30, 2026 12:25pm ET

TSX Venture most active

Oct 30, 2026 12:25pm ET

TSX Venture gainers

Oct 30, 2026 12:25pm ET

CSE most active

Oct 30, 2026 12:24pm ET

CSE gainers

Oct 30, 2026 12:24pm ET

Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.