By Robb M. Stewart
Shares on Canada's main exchange jumped Monday, echoing gains on global equity markets as the U.S. ouster of Venezuela's president failed to dampen a new year rally.
In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 1.1% higher at 32222.29. That builds on Friday's 0.5% advance for the first trading day of 2026.
Gains were broad, led by mining stocks as precious metals continue to attract interest in safe-haven assets and a rise in finance shares. That was dampened by weakness in the energy sector, as Canadian oil producers lost ground amid worries a revitalized Venezuelan energy industry would lead to lower oil prices and a possible displacement of Canadian crude oil at U.S. refineries.
The blue-chip S&P/TSX 60 was up 0.9% at 1886.75.
Fairfax Financial was 1.2% higher and Agnico Eagle Mines was ahead 4.6% to lead the gainers board in Toronto.
Other market movers:
Shares of Imperial Oil were down 3.4% at C$118.15, Cenovus Energy was 7.7% weaker at C$22.20, Suncor Energy fell 4.1% to C$60.06 and Canadian Natural Resources dropped 6.8% to C$43.90.
Among Canada's gold miners, Agnico Eagle gained 4.6% to C$244.72, Barrick Mining was up 4.2% at C$63.05 and B2Gold was up 3.9% at C$6.44.
Minto Apartment Real Estate Investment Trust's units rallied 27% to C$17.26 after the real-estate company agreed to a takeover by an arm of asset manager Connor, Clark & Lunn Financial that values it at roughly 2.3 billion Canadian dollars ($1.7 billion).
The country's big banks were each higher, led by Bank of Montreal as it rose 1.7% to C$184.75. Bank of Nova Scotia, which hit an all-time intraday high that put it on track for a record-high finish, was up 0.4% at C$102.82 at midday.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
01-05-26 1224ET
