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Weekly Market Snapshot: TSX Slips 0.5% as the BoC Hikes and a Friday Tech Rout Rattles Markets (Oct 26–30)

Canadian Money Brief Weekly Market Snapshot Week of October 26–30, 2026. Published Saturday, October 31, 2026. The Bank of Canada raised interest rates for the first time in more than three years, but it was a brutal Friday on both sides of the border that decided the week. The S&P/TSX Composite closed at 35,620.03 , down 0.5% on the week, after a 629-point (1.74%) slide on Friday as a global tech sell-off swept through markets. Wall Street fared worse: the Nasdaq lost 2.0% on the week and finished its worst month since March 2025. Oil climbed to a six-month high, and gold sank to a one-year low. The week in five lines TSX: −0.5% on the week, +1.1% in October.   BoC: hiked to 2.50%; the Fed held at 3.75%–4.00%.   Oil: WTI at US$104.12.   Gold: briefly under US$3,900, a one-year low.   Loonie: 71.63¢ US, near a six-week high. The Scoreboard: Closing Levels, Friday, October 30 Canada Index Close Friday Week S&P/TSX Composite 35,620.03 −1.74% −0.47% United ...
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Honda Reaffirms Commitment to Canadian Auto Production Amid Tariff Concerns


Honda Canada has firmly denied reports suggesting it plans to shift car production from Ontario to the United States. The speculation arose from a Japanese news outlet's claim that Honda was considering relocating some of its manufacturing operations due to recent U.S. auto tariffs. However, Ontario Premier Doug Ford and federal officials have dismissed these claims as inaccurate.

Honda Canada has assured that its Alliston, Ontario facility will continue to operate at full capacity, with no changes being considered at this time. The company remains committed to its Canadian operations, emphasizing that nearly 70% of Honda vehicles sold in Canada are manufactured domestically. Additionally, Honda is actively working on its North American electric vehicle strategy, which includes a $15 billion investment in Ontario to develop a full EV supply chain.

Despite ongoing tariff challenges, Honda has reiterated its confidence in the Canadian market and its ability to navigate evolving trade conditions effectively. The company’s stance provides reassurance to Ontario’s auto industry, which plays a crucial role in Canada’s economy.


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