TSX today: what to watch on Wednesday, Nov. 11

TSX opens Wednesday after Tuesday’s 276-point drop, with hotter-than-expected U.S. inflation, higher bond yields and falling Nvidia shares weighing on sentiment. The S&P/TSX composite index closed down 275.81 points, or 0.757 per cent, at 36,170.45 on Tuesday, according to TMX Money, a figure The Canadian Press matched.

TMX Money showed Tuesday’s range at 36,080.19 to 36,353.90, and the index up 14.056 per cent so far this year and 1.545 per cent for the month. The Canadian Press said losses in the basic materials sector weighed on the market. Monday’s gain is covered in our report on the 657-point rally, and our Tuesday preview has the background on Hydro One and Pet Valu earnings.

In New York on Tuesday, the Dow Jones industrial average fell 157.86 points to 52,231.89, the S&P 500 lost 29.01 points to 7,520.93 and the Nasdaq composite slid 187.26 points to 25,065.88, The Canadian Press reported. The Associated Press said U.S. inflation was higher in October than economists expected, which could push the Federal Reserve to raise its main interest rate at its December meeting, and that the 10-year Treasury yield rose to 4.99 per cent from 4.88 per cent late Monday. It said Nvidia, the heaviest weight on the S&P 500, fell 5.5 per cent.

Early Wednesday, the Associated Press said the S&P 500 future was up 0.6 per cent and the Dow future 0.2 per cent. It said Germany’s DAX rose 1 per cent in early European trading, Japan’s Nikkei 225 gained 1.3 per cent, South Korea’s Kospi rose 2.4 per cent and Hong Kong’s Hang Seng fell 1.1 per cent. The U.S. bond market is closed Wednesday for Veterans Day, while U.S. stock markets stay open.

On commodities, The Canadian Press said the December crude oil contract closed Tuesday down 81 cents at US$86.04 a barrel and the December gold contract fell US$84.30 to US$4,030.20 an ounce. The Associated Press said early Wednesday that U.S. benchmark crude gained 0.1 per cent to US$86.12 a barrel and Brent rose 0.2 per cent to US$91.71. The Canadian dollar traded at 70.52 cents US on Tuesday, compared with 70.81 cents US on Monday, The Canadian Press said.

No Statistics Canada releases are scheduled for Wednesday, according to the agency’s release schedule. Its next major release is the consumer price index for October, due Nov. 16. On earnings, Franco-Nevada Corp. (TSX:FNV) said it will release third-quarter results after the market closes Wednesday, with a conference call Thursday at 8 a.m. ET. Power Corporation of Canada (TSX:POW) announced that it will also report Wednesday, with its call Thursday at 8 a.m. ET.

Figures are as of early Wednesday, Nov. 11, 2026, and come from TMX Money, The Canadian Press, The Associated Press, Franco-Nevada and Power Corporation. Futures and overseas readings will change before the 9:30 a.m. ET open.

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