TSX Starts Week With Fresh Highs

2026-02-23 14:47 By Felipe Alarcon 1 min. read

Canada's S&P/TSX Composite Index rose around 0.4% to above the 33,900 level for the first time on Monday as a powerful surge in gold and energy producers more than offset a retreat in major technology shares.

Gold mining companies spearheaded the advance with Agnico Eagle, Barrick Gold, and Wheaton Precious climbing between 2.7% and 3.6% as bullion prices hit new milestones on safe-haven demand amid shifting US trade policies.

Energy heavyweights like Enbridge, Canadian Natural Resources, and Suncor added roughly 1% as crude oil held near the $66 mark.

However, gains were tempered by an over 5% slide in Shopify and a 3% drop in Constellation Software as investors trimmed tech exposure amid higher-for-longer rate signals from US PCE data.

On the earnings front, Emera climbed after posting an adjusted profit of $0.55 per share that comfortably beat estimates while the market awaited late-day results from NexGen Energy.



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