16:41:35 EST Thu 08 Jan 2026
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Globe/wire say TSX gains 187 points as gold shines

2026-01-07 09:27 ET - In the News

The Globe and Mail reports in its Wednesday edition that Canada's main stock index rose to another record high on Tuesday as higher gold prices boosted metal mining shares. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 187.07 points at 32,407.02, surpassing Monday's record closing high despite potential turbulence from a possbile boost in Venezuelan oil exports that could hurt Canadian companies that sell a similar heavy oil following the U.S. capture of President Nicolás Maduro. The energy sector lost 0.7 per cent, adding to the previous day's decline. The price of oil settled 2 per cent lower at $57.13 (U.S.) a barrel. The materials group rose 3.1 per cent as geopolitical risks boosted safe-haven demand for gold. Gold was up 1.1 per cent, moving closer to a record high. Technology was another standout, rising 2.1 per cent, and consumer discretionary ended up 1.6 per cent. Wall Street also ended higher as chip stocks surged on renewed artificial-intelligence optimism. Moderna rallied and the Dow reached a record high. Moderna jumped almost 11 per cent after BofA Global Research raised its price target on the drugmaker, helping lift the S&P 500 health care index 1.96 per cent.

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