TSX today: what to watch on Friday, Nov. 6

The S&P/TSX composite index closed down 736.13 points, or 2.03 per cent, at 35,605.27 on Thursday as an AI-stock selloff hit Toronto, and investors now turn to Statistics Canada’s October jobs report. TMX Money and The Canadian Press reported the same close. TMX Money showed the index up 12.27 per cent so far this year.

Statistics Canada releases its October labour force survey today, The Canadian Press reported. Trading Economics said Canada’s unemployment rate rose to 6.5 per cent in September from 6.4 per cent in August. Our report on Thursday’s close has the day’s figures and the biggest movers.

Wall Street had a far worse day. The headline on The Associated Press report carried by The Canadian Press said the S&P 500 tumbled 4.4 per cent in what it called a brutal selloff for AI stocks. Thursday’s Toronto drop followed Wednesday’s 809-point post-election rally, which we covered here.

West Texas Intermediate crude traded at about US$90.93 a barrel early Friday, up 0.46 per cent from the previous day, according to Trading Economics. Those quotes will move before the 9:30 a.m. ET open. The USD/CAD exchange rate was 1.4057 early Friday, Trading Economics said, up 0.27 per cent, which means the Canadian dollar was weaker and worth about 71.1 cents US. TSX futures were not confirmed on two sources at publication time and are left out.

On the earnings front, Halifax-based Emera Inc. (TSX:EMA) reported third-quarter adjusted net income of $260 million and unveiled a $21.5-billion five-year capital plan. The Canadian Press reported that Pembina Pipeline Corp. (TSX:PPL) earned a third-quarter profit of $570 million, up from $286 million a year earlier. Business Wire said Docebo Inc. (TSX:DCBO) announced a US$60-million special dividend alongside its third-quarter results, and GlobeNewswire said Cineplex Inc. (TSX:CGX) reported record quarterly revenue. We have not yet reviewed the Pembina, Docebo and Cineplex releases in full.

Budget 2026 was tabled Thursday afternoon. The Canadian Press reported that Prime Minister Mark Carney is in Winnipeg today to promote the budget’s plan to end homelessness within 10 years. Our budget explainer covers what it means for household finances. The Canadian Press also reported that Laurentian Bank is closing its 55 branches today as customers move to National Bank.

Figures are as of early Friday, Nov. 6, 2026, and come from TMX Money, Trading Economics and The Canadian Press.

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This article is for information only and is not investment advice. Speak to a licensed adviser before making investment decisions.