9 January 2026, 00:56 Canada: TSX Rebounds on Commodity Strength.
The S&P TSX Composite Index rose 0.8% to close at 32,379 on Thursday, supported by broad gains among commodity producers. Energy names led the advance, with Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus rising between 1% and 3.4% as oil prices rebounded from a two day slide on firmer US physical balances and a larger than expected draw in crude inventories, which offset concerns over ample global supply and lingering uncertainty around Venezuelan flows. Major miners also rebounded, with Agnico Eagle, Barrick, and Wheaton Precious gaining between 0.4% and 2.4%, while large lenders traded firmly in positive territory. Attention now turns to Friday’s December jobs report for signals on the Bank of Canada’s next policy move, while Prime Minister Mark Carney is set to visit China next week as Canada seeks to diversify trade ties amid heavy US tariffs.
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