TORONTO – Canada’s main stock index was up more than 300 points, helped by strength in the base metal, financial and technology sectors, while U.S. stock markets also pushed higher in late-morning trading.
The move for the Toronto market came despite losses in the energy sector after the U.S. military captured Venezuelan President Nicolás Maduro on the weekend and President Donald Trump floated a plan for U.S. oil companies to help rebuild Venezuela’s oil industry.
The S&P/TSX composite index was up 344.51 points at 32,227.88.
In New York, the Dow Jones industrial average was up 711.69 points at 49,094.08. The S&P 500 index was up 54.98 points at 6,913.45, while the Nasdaq composite was up 217.70 points at 23,453.33.
The Canadian dollar traded for 72.70 cents US compared with 72.80 cents US on Friday.
The February crude oil contract was up 89 cents US at US$58.21 per barrel, while the February gold contract was up US$123.10 at US$4,452.70 an ounce.
This report by The Canadian Press was first published Jan. 5, 2026.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
