• TSX ends down 0.8% at 30,269.98
• Posts lowest closing level since last Thursday
• Materials sector loses 2.8% as gold pulls back
• Consumer discretionary ends 1.2% lower

TORONTO, Oct 9 (Reuters) - Canada's main stock index fell to a one-week low on Thursday as a pullback in the price of gold weighed on metal mining stocks and ahead of domestic jobs data that could offer clues on prospects for additional interest rate cuts by the Bank of Canada.

The S&P/TSX composite index (.GSPTSE) , opens new tab ended down 232.01 points, or 0.8%, at 30,269.98, its lowest closing level since last Thursday and its biggest decline since August 1.

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Still, the index has advanced 22.4% since the start of the year and posted a record closing high as recently as Monday.

Wall Street also ended lower as the market consolidated some recent gains ahead of third-quarter earnings season.

The Toronto market's materials sector (.GSPTTMT) , opens new tab, which includes fertilizer companies and metal mining shares, lost 2.8% as gold dipped below the $4,000/oz milestone breached for the first time in the previous session.

"Keep in mind, the materials sector has driven a good chunk of the outperformance of the TSX this year," said Devin Cattelan, a portfolio manager at Verecan Capital Management.

"So it is temporary ... Our philosophy is you can't ever really ever take too much away from a couple of days of market movements."

Industrials (.GSPTTIN) , opens new tab fell 1.1% and consumer discretionary (.GSPTTCD) , opens new tab was down 1.2%. Shares of auto parts manufacturer Magna International (MG.TO) , opens new tab declined 3.1%.

Among the sectors that gained ground was technology (.SPTTTK) , opens new tab. It rose 0.8%, adding to the previous session's strong gains.

Canada's employment report for September, due on Friday, is expected to show the economy adding 5,000 jobs and the unemployment rate increasing to 7.2%.

Investors are leaning toward an interest rate cut at the BoC's next policy announcement on October 29, after the central bank eased rates last month for the first time since March to support the economy. 0#CADIRPR , opens new tab

https://www.reuters.com/business/tsx-futures-flat-investors-await-powells-comments-2025-10-09/