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Canadian Stocks Plunge Below 30,000 Amid Market Fears

11/19/2025

46 6 Full Breakdown

Summary

Story summary

On November 18, 2025, Canadian stocks fell as the S&P/TSX Composite Index dropped below 30,000, down about 149 points.
Technology and financial sectors led the decline, with Shopify and CIBC down nearly 2%.
The market is in risk-off mode ahead of Nvidia's earnings and U.S. data.
Analysts warn that a sustained drop below 30,000 could trigger further selling.
Canadian stocks react more to U.S. market trends than local factors.

History

Historical Context

The Stock Market Crash of October 1929, marked by "Black Tuesday," saw the Dow Jones Industrial Average drop nearly 12% in a single day, erasing billions in wealth. This event triggered the Great Depression, leading to widespread unemployment and economic turmoil. The interconnectedness of global economies today echoes the vulnerabilities exposed during this crisis, as seen in recent Canadian market declines influenced by U.S. economic data.

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Story summary

On November 18, 2025, Canadian stocks fell as the S&P/TSX Composite Index dropped below 30,000, down about 149 points.
Technology and financial sectors led the decline, with Shopify and CIBC down nearly 2%.
The market is in risk-off mode ahead of Nvidia's earnings and U.S. data.
Analysts warn that a sustained drop below 30,000 could trigger further selling.
Canadian stocks react more to U.S. market trends than local factors.

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