---
title: "TSX Sets Fresh Record High and Weekly Gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273555631.md"
description: "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."
datetime: "2026-01-23T21:07:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273555631.md)
  - [en](https://longbridge.com/en/news/273555631.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273555631.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273555631.md) | [繁體中文](https://longbridge.com/zh-HK/news/273555631.md)


# TSX Sets Fresh Record High and Weekly Gains

The S&P TSX Composite rose 0.4% to close at a fresh record high of 33,145 on Friday, ending the week up 0.3%, as gains in resource-linked stocks largely offset weakness in technology and financials while investors reassessed Canada’s growth outlook.

Energy shares led advances, with Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus climbing between 1.2% and 1.3% as oil prices rose and headed for a fifth consecutive weekly increase.

Mining stocks also added support, with Barrick and Wheaton Precious Metals up 3.1% and 1%, respectively, after gold surged to a fresh record high amid heightened geopolitical uncertainty.

In contrast, major banks including BMO and TD Bank, along with Brookfield, slipped between 0.2% and 1.3%.

On the macro front, weaker December retail sales underscored lingering consumer fragility, tempering confidence that the Bank of Canada has finished easing policy.

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