• TSX ends down 0.6% at 30,351.72
• Pulls back from record closing high
• Magna International shares fall 5.3%
• Materials group loses 1.4%

Oct 7 (Reuters) - Canada's main stock index fell on Tuesday, including declines for auto parts manufacturers, as investors took stock of recent gains and after a meeting between U.S. President Donald Trump and Canadian Prime Minister Mark Carney.

Toronto's S&P/TSX composite index (.GSPTSE) , opens new tab ended down 180.16 points, or 0.6%, at 30,351.72, after seven straight days of gains, including a record closing high on Monday.

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"Markets are taking a little breather," said Michael Dehal, a senior portfolio manager at Dehal Investment Partners at Raymond James, adding that investors are awaiting the start of earnings season and hoping for more clarity on prospects of a trade deal between the United States and Canada.

Trump promised to treat Canada fairly in talks over punishing U.S. tariffs on Canadian goods, but was less committed about a continental trade deal that also includes Mexico.

Canada's merchandise trade deficit widened in August to C$6.32 billion ($4.53 billion), its second-highest on record, as exports both to the United States and the rest of the world fell.

The consumer discretionary sector lost 1.9%, with shares of auto parts manufacturers Magna International (MG.TO) , opens new tab and Linamar (LNR.TO) , opens new tab down 5.3% and 3.2% respectively.

The materials group, which includes fertilizer and metal mining companies, was down 1.4%. The price of gold pared its gains after surging past the $4,000 per ounce milestone for the first time.

Canadian miner Hudbay Minerals (HBM.TO) , opens new tab said it resumed operations at its Constancia mine in Peru, weeks after halting output due to local protests and blockades that had disrupted access to the site. Its shares were up 0.9%.

Energy was another bright spot, adding 0.4%. The price of oil settled 0.1% higher at $61.73 a barrel as a smaller-than-expected increase to OPEC+ output in November offset signs of a potential supply glut.

https://www.reuters.com/world/americas/tsx-futures-dip-after-record-rally-commodity-prices-cool-2025-10-07/