Equities in Canada’s largest market reasserted their strength early Wednesday, led by mining and energy shares as gold and oil prices recovered, while investors awaited the minutes of the U.S. Federal Reserve's meeting in January.
The TSX recovered 266.68 points to kick off mid-week Wednesday at 33,163.23.
The Canadian dollar faded 0.15 cents at 73.18 cents U.S.
In after-market earnings on Tuesday, iA Financial reported fourth-quarter profit below estimates and IAMGOLD reported quarterly revenue above estimates. IA shares toppled $18.69, or 11%, to $151.37, while those for IAMGOLD gained $1.49, or 5.3%, to $29.89.
Agnico Eagle announced additional investment in Maple Gold Mines. Agnico shares accelerated $7.54, or 2.6%, to $297.56.
On the economic slate, the Canadian Real Estate Association reports the number of home sales recorded over Canadian MLS® Systems fell 5.8% on a month-over-month basis in January 2026.
ON BAYSTREET
The TSX Venture Exchange recouped 16.53 points, or 1.7%, to 983.28.
All but three of the 12 TSX subgroups moved upward, with gold skyrocketing 2.6%, information technology pumping 2.3% higher, and materials improving 2.2%.
The three laggards were consumer staples, down 0.8%, utilities, off 0.7%, and telecoms, sliding 0.5%.
ON WALLSTREET
Stocks moved higher on Wednesday, supported by gains in key technology stocks, as traders awaited the release of the minutes from the Federal Reserve’s most recent policy meeting.
The Dow Jones Industrial Average launched 310.84 points to 49,844.03.
The S&P 500 Index took on 55.26 points to 6,898.48.
The NASDAQ popped 265.21 points or 1.2%, to 22,843.59.
Nvidia shares advanced more than 2% on the heels of Meta announcing Tuesday that it’s going to use millions of Nvidia’s chips in its data center buildout.
Additionally, fellow “Magnificent Seven” member Amazon moved higher by 2% after regulatory filings showed Bill Ackman’s Pershing Square grew its stake in the e-commerce giant by 65% during the fourth quarter. That makes Amazon the fund’s third-largest holding. The move comes after the stock snapped a nine-day losing streak.
Micron Technology also saw gains after David Tepper’s Appaloosa Management increased its holdings in the chipmaker. The stock was last up more than 5%.
Elsewhere, oil prices jumped as investors digested the latest developments between the U.S. and Iran. Vice President JD Vance said Tuesday that Iran failed to address U.S. red lines in this week’s nuclear talks and that military action is still a possibility.
Prices for the 10-year Treasury slid, bringing yields up to 4.08% from Tuesday’s 4.06%. Treasury prices and yields move in opposite directions.
Oil prices regained $1.99 Wednesday to $64.32 U.S. a barrel.
Gold prices gained $109.30 to $5,015.20 U.S. an ounce.
