6 January 2026, 01:39 Canada: TSX Reaches Historic High.
The S&P TSX Composite Index rose 1.1% to close at a record near 32,220 on Monday, lifted by a wave of safe haven demand after the US captured Venezuelan leader Nicolas Maduro over the weekend, an event that pushed precious metal prices sharply higher and boosted mining shares. Gold climbed nearly 2%, driving gains of more than 2.7% in heavyweight miners including Agnico Eagle, Barrick, and Wheaton Precious, which led the advance. Technology stocks also supported the index, with Shopify surging 6%. In contrast, energy producers lagged as expectations of renewed US and corporate access to Venezuela’s vast crude reserves weighed on the outlook for Canadian oil demand from its largest buyer, pulling Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus down between 1.4% and 6%. On the macro front, investors remained cautious as they positioned ahead of key December labor market reports from both the US and Canada due later in the week.
© 1999-2026 Forex EuroClub
All rights reserved