CANADA STOCKS-TSX rises as gold moves above $4,900 per ounce

Reuters
2026.01.22 21:29
portai
I'm PortAI, I can summarize articles.

Canada’s TSX Composite Index rose 0.5% to 33,002.70, driven by record-high gold prices above $4,900 per ounce, boosting the materials sector by 2.2%. Positive U.S. economic data and the easing of tariff threats also contributed to market gains. Notable stock movements included New Gold Inc and Seabridge Gold Inc, which saw increases of nearly 12% and 12.6%, respectively. However, the energy sector fell 1.3% due to a drop in oil prices, and Celestica shares declined by 6.6%.