{
  "id": 18571503,
  "title": "TSX ends higher as tech stocks recover, Celestica gains 2% after global selloff",
  "url": "https://urgent.news/2026/11/06/tsx-ends-higher-as-tech-stocks-recover-celestica-gains-2-after-global",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T21:25:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/tsx-futures-edged-lower-amid-fallout-from-aidriven-stock-rout-5007774"
  },
  "original_language": "en",
  "account": "Canada's main stock index, the S&P/TSX Composite, finished higher on Friday, marking a weekly gain, after a surge in global technology shares bolstered investor confidence following a sharp decline the previous day. The index closed at 35,789.09 points, up 0.5% for the day and 0.5% for the week. Tech stocks led the recovery, recovering from significant losses in the previous session. However, domestic economic weakness and uncertainty over AI spending remained concerning factors. Statistics Canada reported that Canada's unemployment rate increased to 6.7% in October, surpassing economists' predictions of 6.5%. The job market shed 4,700 positions, with private-sector employment and full-time roles bearing the heaviest losses. This brought Canada's total job losses this year to around 46,000. Thursday's market sell-off was especially severe in technology shares, with the TSX tech sector plummeting 3.8%. Celestica experienced one of the most notable declines due to concerns over AI-related spending and valuations. Meanwhile, the energy sector also experienced a 2.5% drop amid volatility in oil prices, driven by concerns over the Iran conflict and the safety of tanker movements through the Strait of Hormuz. Brent crude futures decreased by 0.4% to $97.92 a barrel, while U.S. West Texas Intermediate crude futures rose 0.5% to $90.98. The NASDAQ Composite surged on Friday, aiding a Wall Street rebound after a previous artificial intelligence trading collapse driven by concerns over the potential impact of a Democratic midterms victory on AI development. Market participants also faced a strong October nonfarm payrolls report, which exceeded expectations, indicating a robust labor market. Despite the AI sell-off persisting, European and UK markets seemed less affected by the turmoil.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Forbes",
        "title": "Tech Billionaires Gain As Stocks Partially Recover From Post-Election Selloff",
        "url": "https://urgent.news/2026/11/06/tech-billionaires-gain-as-stocks-partially-recover-from-post-election",
        "published": "2026-11-06T18:32:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}