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TSX Rebounds in Calmer Markets at Start of New Month
Technology, financials, and base metals led the S&P/TSX's 284-point rise as commodities and U.S. markets stabilized, reversing last week's steep losses.
- On Feb. 2, 2026, Canada's S&P/TSX composite index rose 284.18 points to 32,207.70 in late-morning trading, helped by strength in the technology, financial and base metal sectors.
- A rebound in gold and oil steadied commodity and currency moves, with gold nearing $5,000 an ounce and gold-mining stocks lifting the TSX over 200 points.
- In New York, U.S. benchmarks rose alongside Toronto, with Palantir jumping 11.7 per cent and silver surging 9.5 per cent to US$87 an ounce.
- Markets will watch comments from Fed official Thomas Barkin later in the day for policy cues, as investor sentiment improved and volatility eased, but data risks remain.
- Both the 'Magnificent Seven' heavyweights are due to report later this week, while about one quarter of S&P 500 companies are expected to show nearly 11 per cent earnings growth, and Kevin Warsh, Fed nominee, has contributed to whipsawing metal prices.
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S&P/TSX composite up nearly 300 points, U.S. stock markets also higher
TORONTO - Canada's main stock index looked to regain some of the ground it lost at the end of last week as it rose nearly 300 points in late-morning trading, helped by strength in the technology, financial and base metal…
·Niagara Falls, Canada
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Coverage Details
Total News Sources17
Leaning Left7Leaning Right0Center4Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 36%
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