PriceSensitive

@ the Bell: Canadian stocks rise; Dow briefly hits record on sector rotation

Market News
03 February 2026 16:27 (EST)

Stock market roller coaster. (Source: Adobe Stock. Generated by AI)

In a repeat performance, Canada’s main stock index finished the day higher on Tuesday, supported by gains in mining and energy stocks. Precious metals rebounded after their sharpest two-day decline in decades, and oil prices also moved upward.

The Dow Jones Industrial Average briefly hit a record high as investors shifted money out of technology stocks and into sectors more directly tied to economic growth.

TSX32,388.60+204.72
TSXV1,052.72+22.05
CSE170.08-0.36
DJIA49,240.99-166.67
NASDAQ23,255.19-336.92
S&P 5006,917.81-58.63

The Canadian dollar traded for 73.29 cents US compared to 73.16 cents US on Monday.

US crude futures traded US$1.40 higher at US$63.54 a barrel, and the Brent contract rose US$1.31 to US$67.61 a barrel.

The price of gold was up US$298.56 to US$4,932.44.

In world markets, the Nikkei was up 2,065.48 points to ¥54,720.66, the Hang Seng was up 59.20 points to HK$26,834.77, the FTSE was down 26.97 points to ₤10,314.59, and the DAX was down 16.73 points to €24,780.79.


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