TSX Rebounds on Wednesday

2026-03-04 14:45 By Felipe Alarcon 1 min. read

Canada’s S&P/TSX Composite Index rose around 0.3% to above the 33,900 mark on Wednesday, paring some of yesterday’s 2.2% plunge, as a surge in gold-mining stocks and a tech-led recovery offset losses in information services.

The rebound was primarily fueled by an over 1% gain in Agnico Eagle Mines, Barrick Gold, and Wheaton Precious Metals, as investors returned to metals.

Further support came from Shopify, which jumped over 2% on news of expanding its AI-driven international growth.

These gains provided a critical buffer against Thomson Reuters, which fell over 2%, and a 1.5% slide in Suncor Energy as crude oil prices retreated.

The financial sector also stabilized, with Royal Bank of Canada (0.3%) and BMO (0.5%) turning positive.

Despite regional infrastructure risks in the Middle East, the TSX leveraged its concentration in materials and software to maintain a slim gain and resume its record-breaking 2026 performance.



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TSX Rebounds on Wednesday
Canada’s S&P/TSX Composite Index rose around 0.3% to above the 33,900 mark on Wednesday, paring some of yesterday’s 2.2% plunge, as a surge in gold-mining stocks and a tech-led recovery offset losses in information services. The rebound was primarily fueled by an over 1% gain in Agnico Eagle Mines, Barrick Gold, and Wheaton Precious Metals, as investors returned to metals. Further support came from Shopify, which jumped over 2% on news of expanding its AI-driven international growth. These gains provided a critical buffer against Thomson Reuters, which fell over 2%, and a 1.5% slide in Suncor Energy as crude oil prices retreated. The financial sector also stabilized, with Royal Bank of Canada (0.3%) and BMO (0.5%) turning positive. Despite regional infrastructure risks in the Middle East, the TSX leveraged its concentration in materials and software to maintain a slim gain and resume its record-breaking 2026 performance.
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