The S&P TSX Composite rose about 0.5% to above the 32,050 level on Monday, as strength in financials, technology, and gold-linked miners outweighed renewed weakness in energy. The advance was led by Canada’s major banks, with Royal Bank, TD, BMO, Scotiabank, and CIBC rising roughly 0.7% to 1.9%, supported by resilient earnings expectations and continued dividend and valuation appeal following last year’s rally. Shopify also made a notable contribution, climbing nearly 3% as investors continued to favor high-quality growth companies with strong balance sheets. In materials, Agnico Eagle, Barrick, and Wheaton gained more than 1%, recouping part of Friday’s sharp losses despite softer gold prices. Energy stocks including Canadian Natural, Cenovus, and Tourmaline lagged as oil prices slid. Meanwhile the return of Canada’s manufacturing PMI to expansion territory in January for the first time in a year helped ease concerns over near-term industrial weakness.