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CANADA STOCKS-TSX notches another record high as sector participation broadens
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CANADA STOCKS-TSX notches another record high as sector participation broadens
Mar 11, 2026 12:47 AM

*

TSX ends up 0.34% at 33,028.92

*

Financials gain after robust U.S. banking results

*

Energy stocks fall as oil prices sink

*

Industrials get a boost from rising Bombardier shares

(Updates at market close)

By Fergal Smith

TORONTO, Jan 15 (Reuters) - Canada's main stock index

rose to another record high ‌on Thursday, with industrial and

financial shares among the leading gainers rather than metal

mining stocks which had ​dominated the market's rally since the

start of the year.

The S&P/TSX Composite ‍Index ended up 112.45

points, or 0.34%, at 33,028.92, moving ⁠past Wednesday's record

closing ⁠high.

U.S. stocks also rose as Morgan Stanley and Goldman Sachs

shares shot up following upbeat quarterly results, ‌while

technology shares climbed after chipmaker TSMC's

blockbuster ​results.

"There's broader participation in today's move," said Bipan

Rai, head of ETF and alternatives strategy at BMO Global Asset

Management. "Certainly, you combine ⁠that with the outlook for

metals ... it ‍does feel ​like this year should be constructive

for the TSX."

Record highs for the price of gold and silver

on geopolitical uncertainty have helped underpin ‍the materials

sector in January. The sector has added 14.1% this

month after nearly doubling in 2025.

One of Canada's principal trading partners for minerals is

China. Prime Minister Mark Carney hailed Canada's improving ties

with the country as well as the leadership of President Xi

Jinping, declaring their nations were charting a ​new ‍course in

cooperation at a time of global division and disorder.

"Part and parcel of the strategy from the prime minister's

office is to figure ​out ways to diversify Canada's trade

relationships more globally," Rai said.

Among the standouts on Thursday was the industrials sector

. It posted a gain of 1.42%, led by a 7.17% jump in

the shares of Bombardier Inc ( BDRPF ) after the business

aircraft manufacturer announced a new $100 million manufacturing

center in Dorval, Montreal.

Real estate rose 0.75% and heavily weighted financials

ended 0.55% ​higher.

The energy sector was a drag, falling 0.93%. The price of oil

settled 4.56% lower at $59.19 a barrel as concerns eased

over potential U.S. military action against Iran and oil supply

disruptions.

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