TORONTO – Canada’s main stock index rose nearly 100 points in late-morning trading, helped by strength in gold stocks as gold traded for more than US$5,000 an ounce.
The gain on the Toronto market came despite a weekend threat by U.S. President Donald Trump to impose 100 per cent tariffs on Canadian goods if Ottawa reaches a trade deal with China.
The S&P/TSX composite index was up 88.94 points at 33,233.92.
In New York, the Dow Jones industrial average was up 111.49 points at 49,210.20. The S&P 500 index was up 32.36 points at 6,947.97, while the Nasdaq composite was up 121.21 points at 23,622.45.
The Canadian dollar traded for 73.07 cents US compared with 72.82 cents US on Friday.
The March crude oil contract was down 53 cents US at US$60.54 per barrel, while the February gold contract was up US$119.30 at US$5,099.00 an ounce.
This report by The Canadian Press was first published Jan. 26, 2026.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
