Canada's main stock index rose on Monday, recouping some of the previous session's steep losses, as broad-based gains led by consumer staples and technology shares overshadowed declines in the energy sector.
The TSX index recovered 250.42 points to move into Monday afternoon at 32,173.94.
The Canadian dollar faded 0.25 cents at 73.08 cents U.S.
The TSX on Friday recorded its biggest single-day drop since April, as gold prices and mining stocks plunged after Trump picked Kevin Warsh, often viewed as hawkish, to succeed Jerome Powell as the next Federal Reserve chair.
Meanwhile, Capstone Copper said on Monday that it has resumed operations at its Mantoverde mine in northern Chile, even as a strike by a labour union representing nearly 22% of its workforce continued.
Capstone shares hiked 15 cents, or 1%, to $15.24.
Among notable movers, shares of Eldorado Gold plunged 10.3% after the miner said it would acquire Foran Mining in a deal valuing the copper-focused developer at about $3.8 billion.
On the economic beat, the Markit PMI for January increased to 50.40 points from 48.60 points in December 2025.
ON BAYSTREET
The TSX Venture Exchange retreated 15.53 points, or 1.5%, to 1,035.55.
All but three of the 12 TSX subgroups were higher midday, with consumer staples soaring 2.4%, information technology ahead 1.8%, and
financials richer by
The three laggards were energy, down 0.8%, while materials and utilities each lost 0.1%.
ON WALLSTREET
The S&P 500 rose on Monday as Wall Street began a new month of trading, with investors looking past the recent losses in silver and bitcoin.
The Dow Jones Industrials zoomed 479.49 points, or 1%, to 49,371.96.
The much-broader index recovered 44.54 points to 6,983.57, helped by rise in Oracle shares after the data center company announced it’s going to raise up to $50 billion to build additional capacity for cloud customers
The NASDAQ recouped 170.24 points to 22,632.57.
Bitcoin dropped below $80,000 for the first time since April, a sign investors were taking more risk off the table following Friday’s sharp declines in gold and silver.
Silver, which has more than doubled over the past 12 months, plunged around 30% on Friday. That marked the metal’s worst one-day performance since 1980. Gold also dropped around 10%.
Wall Street also turned its attention to Nvidia as questions over the artificial intelligence loomed. The Wall Street Journal reported, citing people familiar with the matter, that Nvidia’s plans to pour $100 billion into OpenAI had stalled, with chipmaker execs expressing doubt about the deal. Nvidia shares were down 1%.
Wall Street also turned its attention to Nvidia as questions over the artificial intelligence loomed. The Wall Street Journal reported, citing people familiar with the matter, that Nvidia’s plans to pour $100 billion into OpenAI had stalled, with chipmaker execs expressing doubt about the deal. Nvidia shares were down around than 2%.
Prices for the 10-year Treasury faded Monday, raising yields to 4.27% from Friday’s 4.25%. Treasury prices and yields move in opposite directions.
Oil prices slid $3.17 to $62.04 U.S. a barrel.
Gold prices gave up $50.50 to $4,694 U.S. an ounce.
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