US EditionTSX Rebounds in Calmer Markets at Start of New Month
The S&P/TSX Composite rose 284 points led by technology, financials, and mining sectors as gold prices neared US$5,000 per ounce, boosting investor confidence.
- 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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