TSX Sets Fresh Record High and Weekly Gains

Trading Economics
2026.01.23 21:07
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The S&P TSX Composite reached a record high of 33,145, rising 0.4% on Friday and ending the week up 0.3%. Resource-linked stocks, particularly in energy and mining, drove gains, while technology and financial sectors faced declines. Energy shares like Canadian Natural Resources and Suncor rose due to increasing oil prices, while mining stocks benefited from a surge in gold prices. However, major banks saw slight declines, and weaker retail sales indicated ongoing consumer fragility, affecting confidence in the Bank of Canada's policy stance.