The Canadian market is likely to open higher on Wednesday as energy and materials stocks look headed for more upside, tracking higher oil and bullion prices. Tech stocks may face pressure with Anthropic's new legal tools for its Cowork product prompting investors worldwide to cut exposure to traditional IT services.
Adding onto yesterday's gains, Canadian stocks climbed on Tuesday, with a recovery in gold and crude oil lifting mining and energy shares, which supported the index on the upside. However, a slump in the tech sector limited the gains.
After a firm start and a subsequent good move up north, the Canadian market pared some gains on Tuesday with technology stocks sliding down on heavy selling. Materials stocks gained in strength as precious metals prices climbed higher.
Canadian stocks look headed for a positive start Tuesday morning as shares from energy and materials sectors are likely to see some brisk buying thanks to rising commodity prices.
Rebounding from Friday's losses, Canadian stocks moved higher on Monday after market sentiments were boosted following the release of stronger-than-expected Purchasing Managers' Index data that showed expansion in the manufacturing sector.
The Canadian market gained some ground in positive territory on Monday, recovering from the severe setback it suffered in the previous session. Shares from technology, financials and consumer sectors moved higher, contributing to the market's upmove.
Canadian stocks may see some wild swings on Monday, in line with the volatile moments in the commodities markets. Gold and silver prices started off on a very weak note today, extending last week's severe setback, but regained some lost ground subsequently.
Extending yesterday's decline, Canadian stocks plummeted on Friday as metal-linked stocks nosedived after a tailspin in gold prices which weighed down heavily on the index.
Canadian stock market's benchmark S&P/TSX Composite Index tumbled Friday morning as falling precious metals prices triggered heavy selling in the materials sector. Technology stocks dropped as well, adding to market's woes.
Canadian stock may open on a negative note Friday morning with falling precious metals and oil prices set to trigger a sell-off in resources stocks. Investors will also be reacting to U.S. President Donald Trump's announcement that he is nominating Kevin Warsh as the next Federal Reserve chair.
Reversing two consecutive sessions of gains, Canadian stocks moved lower on Thursday after technology stocks tumbled in the U.S., leading to a spill-over effect among Canada's IT sector stocks. Gains in energy sector due to a jump in crude oil prices limited the losses.
After a sharp move up north, the Canadian benchmark S&P/TSX Composite Index fell into negative territory Thursday morning, as technology and materials stocks plunged on selling pressure. Tech stocks fell, tracking a sell-off in U.S. technology stocks after Microsoft reported slowing cloud computing growth in its second quarter and provided disappointing third quarter operating margin guidance.
The Canadian market looks headed for a positive start Thursday morning as resources stocks are likely to see strong buying on rising commodity prices. Investors will also be reacting to major U.S. tech earnings.
Extending yesterday's gains, Canadian stocks edged higher on Wednesday as traders assessed the interest rate decision by the Bank of Canada along with its economic outlook, while the looming threat of war in the Middle East restrained them from making big moves.
After a positive start and a subsequent good move up north, the Canadian market retreated and slipped into negative territory Wednesday morning, with investors digesting the Bank of Canada's monetary policy announcement, and the latest developments on the geopolitical front.
January 30, 2026 15:51 ET The Federal Reserve policy decision was the main event in the final week of January, which saw a heavy flow of economics news. Several data reflecting the trends in the U.S. economy were also released during the week. The interest rate decision from Canada also was in focus. In Europe, economic sentiment data gained attention. The policy decision from Singapore was the highlight in Asia.