8 January 2026, 19:06 Canada: TSX Struggles for Direction.
The S&P TSX Composite Index hovered just below the flatline near the 32,140 mark on Thursday, as losses among miners outweighed gains in energy and financials. Mining heavyweights Barrick (-1.5%), Wheaton Precious (-1.9%), and Franco-Nevada (-1.2%) came under pressure as gold prices pulled back, while markets also braced for futures selling tied to a commodity index rebalancing set to begin on Friday. Energy shares, however, found some support from firmer oil prices, which recouped part of the losses seen over the prior two sessions despite lingering concerns that US efforts to exert control over Venezuelan oil reserves could ultimately boost global supply. Major lenders also traded solidly in positive territory. Attention now turns to Friday’s December jobs report, which could offer clearer signals on the Bank of Canada’s next policy move. Separately, Prime Minister Mark Carney is expected to visit China next week as Canada looks to diversify trade ties amid heavy US tariffs.
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