# TSX Drops as Financials and Metal Miners Fall

> Canada's stock market dips after financials and metal miners slide amid fears of Bank of Canada rate hike.
- Title: TSX Drops as Financials and Metal Miners Fall · mint
- Summary: Canada's stock market dips after financials and metal miners slide amid fears of Bank of Canada rate hike. Canada's stock index fell 0.7% as investors…
- Keywords: tsx, bank of canada, financials, metal miners, stock market, inflation, rate hike, news, india, Drops, Metal, Miners
- Source: mint — https://livemint.com/market/tsx-pulls-back-from-three-week-high-as-financials-metal-minersfall-11792441989054.html
- Published: 2026-10-19T20:33:08+00:00
- Read time: 1 min
- Topics: tsx, bank of canada, financials, metal miners, stock market, inflation, rate hike, news, india
## TSX Drops
Canada's main stock index fell 0.7% on Monday as financials and metal miners declined.
## Inflation Rises Slightly
Canada's annual inflation rate rose to 3.1% in September, below expectations.
## Rate Hike Fears Grow
Investors expect a Bank of Canada interest rate hike next week after Governor Tiff Macklem warned of persistent inflation risks.
## Economist Warns of Slowdown
Allan Small, senior investment adviser at Allan Small Financial Group, said a rate hike would slow an economy already moving at a snail's pace.
## Sector Performance
Financials dropped 0.6%, industrials fell 1.1%, and metal miners declined 1.1% as gold prices dropped 0.5%.
## Key takeaway

Canada's stock index fell 0.7% as investors worried a potential Bank of Canada rate hike could slow the economy.