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S&P/TSX Composite Slides Even as Gold Rises Above US$5,000

On Monday, Canada's S&P/TSX composite index reversed course and finished down 51.66 points at 33,093.32, while the S&P 500 index and Nasdaq composite rose.
A surge in gold futures pushed prices above US$5,000 an ounce, with the February gold contract at US$5,082.50 and the March gold contract at US$5,099.00.
Commodity and currency data show March crude oil contract slipped to US$60.54–US$60.63 per barrel, while the Canadian dollar traded near 73.07 cents US versus Friday.
U.S. President Donald Trump threatened to impose 100 per cent tariffs on Canadian goods if Ottawa strikes a deal with China, raising trade risk.
This report by The Canadian Press was first published Jan. 26, 2026, documenting market moves that unfolded on Monday.

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