TSX Aims at Fresh Record High

2026-01-22 14:40 By Felipe Alarcon 1 min. read

The S&P TSX Composite Index rose about 0.6% to above the 33,050 level on Thursday, extending gains toward record highs as improved risk sentiment lifted North American equities after President Trump stepped back from trade and geopolitical threats tied to Greenland.

Financials led the advance, with Royal Bank of Canada up around 0.6%, TD Bank gaining 0.7%, Bank of Montreal rising 0.8%, and CIBC adding 0.7%.

Industrials also contributed, with Canadian Pacific Railway up 0.5% after it stated it would buy 30 Tier 4 locomotives as part of its $800 million commitment to invest in US businesses, while Canadian National Railway advancing 0.7%.

In contrast, energy stocks capped broader gains as weaker crude prices weighed on the sector, with Canadian Natural Resources down 1.2%, Suncor off 0.6%, and Cenovus slipping 0.7%.

Materials were mixed, as strength in precious metals producers such as Agnico Eagle, up 1.9%, and Wheaton Precious Metals, up 2.2%, offset pressure on other mining names.



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