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The TSX Falls Off a Record High Despite a Strong November Jobs Report

BY MT Newswires | ECONOMIC | 12:26 PM EST

12:26 PM EST, 12/05/2025 (MT Newswires) -- The Toronto Stock Exchange was lower midday on Friday despite a better than expected jobs report for November.

The S&P/TSX Composite Index was last seen down 113.39 Points to 31,364.18 after setting a record high a day earlier.

The drop comes even as Statistics Canada reported Canada added 54,000 new jobs last month, driven by gains in part-time work. The result well above the consensus estimate for a drop of 2,500 jobs, according to Scotiabank.

Investors are also awaiting a meeting between Prime Minister Mark Carney and U.S. President Donald Trump amid the FIFA World Cup draw in Washington. Carney is also expected to meet with with Mexican President Claudia Sheinbaum at the event.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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