Toronto Stocks Nudge Higher With Gains by Miners, Energy Companies

By Robb M. Stewart

Shares on Canada's main exchange are tracking toward a slight gain for the week, buoyed Friday by resources stocks as lingering economic and geopolitical uncertainty boosts metal and oil prices.

In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.3% higher at 33103.31. That puts the index in line for a gain of slightly less than 0.2% this week, adding to gains so far in the new year.

The blue-chip S&P/TSX 60 was ahead 0.2% at 1910.92.

Technology firms Constellation Software and Celestica were among the biggest drivers of the market, advancing 2.5% and 3.4%, respectively. That helped counter further weakness in the financial component, with most of the country's largest banks in the red.

Gold and silver touched new highs in what has been a turbulent week that saw President Trump push to acquire Greenland, while oil prices were up strongly, too.

Gold producer Barrick Mining was up 2.1%, while Avino Silver & Gold Mines rallied 18% and Pan American Silver gained 3.8%. Among energy companies, Cenovus Energy was 1.8% higher and Gibson Energy added 2.1%.

Data released Friday showed retail sales rising 1.3% in November from the month before, only to fall an estimated 0.5% in the final month of 2025. That rounded out a choppy year for retail trade, and offers up one of the last major economic indicators before the Bank of Canada decides Wednesday on interest rates.

Other market movers:

Bausch Health's shares slumped 10% to C$8.13 after the pharmaceutical company reported that a pair of late-stage clinical trials for a proposed treatment for adults with liver cirrhosis failed to meet the primary goal.

Write to Robb M. Stewart at [e-mail]

(END) Dow Jones Newswires

01-23-26 1247ET