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Daily Markets Update: Alphabet’s Record Plunge Hits Nasdaq, TSX Flat (Oct 30)

  Friday, October 30, 2026  |  Covers Thursday's closes plus Friday's early moves in Asia and Europe A single stock did the damage on Wall Street on Thursday. Alphabet sank 12.6% after weaker-than-expected growth, its worst day on record, and dragged the Nasdaq down 1.4% even though most stocks in the S&P 500 actually rose. Back home, the TSX finished almost exactly flat at 36,249.03, with bank gains offsetting a slide in gold miners. After the close, Amazon and Intel both fell on disappointing results, and Asian markets sold off hard on Friday. Market Snapshot TSX 36,249 -0.04% S&P 500 7,720 -0.30% Nasdaq 26,185 -1.38% C$ in US cents 71.51¢ +0.36% Canada: Banks Up, Miners Down, TSX Flat The S&P/TSX Composite slipped 16.06 points, or 0.04%, to 36,249.03. That leaves it about 2% below its August record high. Banks did the lifting as easing oil prices calmed worries that interest rates will stay higher for longer: RBC rose 0.6%, TD 0.7%, Scotiabank 0.9%, CI...
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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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