• TSX ends down 0.6%, at 30,458.80
• Financials decline 1.7%
• Energy loses 1.9% as oil settles 1.4% lower
• Materials group rises 1.9% as gold hits a record high

TORONTO, Oct 16 (Reuters) - Canada's main stock index pulled back on Thursday from a record high as declines for financial and energy shares offset gains for metal miners.

The S&P/TSX composite index (.GSPTSE) , opens new tab ended down 178.32 points, or 0.6%, at 30,458.80, after notching a record closing high on Wednesday. Since the start of the year, the index has added 23.2%.

Sign up here.

"The Canadian stock market is in a sweet spot with precious metals experiencing a tremendous surge and gold miners occupying a significant position within the TSX," said Matt Skipp, President of SW8 Asset Management.

The materials group (.GSPTTMT) , opens new tab accounts for 17% of the TSX's market capitalization. That's the second heaviest weighting behind financials , which has a weighting of 32%.

Financials fell 1.7% on Thursday as signs of weakness in U.S. regional banks spooked investors, while energy was down 1.9%. The price of oil settled 1.4% lower at $57.46 a barrel, its lowest level in five months.

The real estate sector (.GSPTTRE) , opens new tab also lost ground, falling 0.7%, after mixed domestic housing data for September. Canadian home sales fell 1.7% last month from August, ending a string of increases that began in April, while housing starts rose 14%.

The materials group added to its recent gains, rising 1.9%, as the price of gold climbed to another record high. Shares of Agnico Eagle Mines Ltd (AEM.TO) , opens new tab were up 3.8% and Barrick Mining Corp (ABX.TO) , opens new tab added 2.8%.

https://www.reuters.com/business/tsx-futures-rise-commodity-strength-ahead-macklem-comments-2025-10-16/