3 February 2026, 02:05  Canada: TSX Rebounds at Week's Start.

The S&P TSX Composite rose 0.8% to close at 32,184 on Monday, rebounding from Friday’s sharp selloff as gains in financials, consumer staples, and technology more than offset continued weakness in energy. Canada’s major banks led the advance, with Royal Bank, TD, BMO, Scotiabank, and CIBC up between 1% and 2.2%, supported by resilient earnings expectations, attractive dividend profiles, and renewed demand after last week’s pullback. Technology added support, with Shopify rising 1.1% and Celestica gaining 1.9%, while consumer staples outperformed as Loblaw and Couche Tard climbed 4.4%. Gold linked miners stabilized after Friday’s rout, though gains were uneven as Eldorado Gold plunged 8.5% following its acquisition of Foran Mining. Energy producers lagged alongside lower oil prices. Meanwhile, Canada’s manufacturing PMI returned to expansion in January at 50.4, its first reading above 50 in a year, easing concerns over near term industrial momentum.

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