Gold Stocks Push S&P/TSX to Record on Greenland Tensions

Photographer: Laura Proctor/Bloomberg
Photographer: Laura Proctor/Bloomberg

Canadian equities extended their winning streak to a fourth session Monday on gains by gold and silver miners, as precious metals prices surged in response to US President Donald Trump’s tariff threats against Europe over Greenland.

The S&P/TSX Composite Index ended the session roughly 0.2% higher, notching a fresh record. Materials was the best performer of 11 sectors. Iamgold Corp. led the index after releasing better-than-expected preliminary production figures.

Most Read from Bloomberg

Despite the gains, concerns linger that Canada may be subject to additional US tariffs if the country sends troops to Greenland. Prime Minister Mark Carney’s government hasn’t announced a decision on that.

“If Canada is treated in the same vein as it seems Trump has threatened this group of European countries, you could anticipate the same threat to come to Canada,” Macquarie Group economist David Doyle said in an interview with BNN Bloomberg Television.

S&P/TSX index members are expected to post another record earnings season when fourth quarter reporting begins next week, Jean-Michel Gauthier, a quantitative and index strategist at Scotiabank, wrote in a Monday note to clients. He sees quarterly earnings up 14% year-over-year.

“Overall, 2026 EPS leadership and precious metal strength should rekindle domestic and foreign investors’ appetite for the Canadian equity market, which should help narrow the valuation discount to the US and further position the TSX for another year of outperformance,” he wrote.

(Updates with closing index levels.)

Most Read from Bloomberg Businessweek

©2026 Bloomberg L.P.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Hong Kong Stock Movement | Sinopec (00386) Drops Over 4% Again Amid Market Concerns Over Crude Oil Supply Disruptions; UBS Group Indicates High Oil Prices Could Pressure Sinopec’s Profitability

Sinopec (00386) fell more than 4% again. As of the time of writing, it dropped 3.61%, trading at HKD 4.8 with a turnover of HKD 8.67 billion. According to Zhitong Finance, Sinopec (00386) fell more than 4% again. As of the time of writing, it dropped 3.61%, trading at HKD 4.8 with a turnover of

The fertilizer stocks in the Hong Kong stock market continued their recent upward trend, with Sinofert issuing a notice requiring clients not to participate in speculative activities in the fertilizer market.

On March 13, it was reported that Hong Kong-listed fertilizer stocks continued their recent upward trend. As of the time of writing,$KO YO GROUP (00827.HK)$up nearly 8%,$SINOFERT (00297.HK)$Surging over 5%,$CHINA BLUECHEM (03983.HK)$rose more than 3%. In terms of news, on March 12, Sinochem Fertilizer issued a notice stating that the current period is a crucial

Hong Kong Stock Market Announcement

Baoji Pharmaceutical-B: KJ101 has received clinical trial approval for a new indication; Zijin Mining leads the establishment of a new fund focusing on investment in the field of new quality productivity. Material Matters: Zijin Mining (02899) Leads the Establishment of a New Fund, Focusing on Investment in New Quality Productivity Fields Weichai Power (02338) and

Hong Kong Stock Market Midday Review

Coal stocks have risen against the market trend. The surge in oil and gas prices has triggered an energy substitution effect, with institutions indicating that domestic and international coal prices may rise beyond expectations. According to Zhitong Finance, the Hang Seng Index fell by 2.55%, or 656 points, to 25,101 points, while the Hang Seng

The Iran-War Playbook for Investors As the Conflict Rattles Markets

Don’t panic. Loading audio narration… That’s the first rule investors should follow when considering how to invest when chaos strikes, and the Iran war is no different, market pros told Business Insider. The conflict-fueled sell-off picked up again on Thursday as the war sent oil prices back to $100 a barrel. The S&P 500 is

Tencent swiftly launched five ‘Lobster’ products; WorkBuddy may become a turning point in the development of AI agents in China (with related Hong Kong stock concept stocks).

Tencent swiftly launched five “lobsters.” The last “lobster” in the combo bucket is currently in internal testing and supports direct conversations via WeChat. March 9$TENCENT (00700.HK)$ It was announced that WorkBuddy, an all-scenario AI agent, has officially launched. This product offers capabilities similar to OpenClaw, with full compatibility for its skills but is more user-friendly

Why Micron Stock Is Sinking Today

Micron (NASDAQ: MU) stock is heading lower in Thursday’s trading amid bearish pressures shaping the broader market. The company’s share price was down 2.8% as of 1:15 p.m. ET. At the same point in the daily session, the S&P 500 and the Nasdaq Composite were down 1.1% and 1.2%, respectively. The memory-chip specialist’s stock was

Hong Kong Stock Market Midday Review

Tencent’s version of the app WorkBuddy, nicknamed ‘Little Lobster,’ has officially launched. Citi stated that there has been a significant shift in the domestic AI paradigm. According to Zhitong Finance, the Hang Seng Index rose by 1.56%, or 396 points, to close at 25,804 points, while the Hang Seng Tech Index increased by 1.4%. The

Better Artificial Intelligence (AI) Stock: Broadcom vs. AMD

Broadcom (AVGO 1.12%) and Advanced Micro Devices (AMD 2.79%) have been trailing Nvidia in the artificial intelligence (AI) chip market in recent years. Still, both companies are now experiencing a nice uptick in their growth thanks to their growing influence in this market. As it turns out, both chip designers have outperformed Nvidia stock in

Does This Deal Make Novo Nordisk Stock a Buy?

Novo Nordisk (NYSE: NVO) has faced several headwinds over the past two years. The company suffered clinical setbacks while losing market share to its biggest competitor, Eli Lilly, in the weight-loss drug space. Another issue it had to contend with was that some online health platforms were selling compounded versions of its famous weight loss

UBS upgrades Rentokil to Buy with 540p target as North America turnaround takes hold

UBS upgrades Rentokil to Buy with 540p target as North America turnaround takes hold Proactive uses images sourced from Shutterstock Rentokil Initial PLC (LSE:RTO), the FTSE 100 pest control and hygiene services group, received a significant vote of confidence on Thursday as UBS upgraded the stock from neutral to buy. The Swiss bank also lifted its

Iran war threatens to upend stocks, bonds and the US dollar

New York  —  Stocks have climbed, bond yields have fallen and the US dollar has weakened across President Donald Trump’s second term so far — market movements the president has welcomed. But the war with Iran is threatening to disrupt that, sending stocks lower and pushing yields and the dollar higher. That complicates the narrative

2 Growth Stocks to Buy and Hold Forever

The best stocks to hold forever are those businesses that benefit from consistent demand, have a long runway of growth, and possess a durable competitive advantage. Once these qualities are present, you can let time and compounding do the rest of the work. Amazon (AMZN 0.78%) and The TJX Companies (TJX 1.12%) fit that profile.

High business confidence! The semiconductor sector in the Hong Kong stock market strengthens again as TianShu ZhiXin surges nearly 30%.

①In the first two months, the export value of integrated circuits increased by nearly 70% year-on-year. How high is the prosperity of the industrial chain? ②The semiconductor sector in Hong Kong’s stock market has once again strengthened. Which specific directions are receiving more market attention? Cailian Press reported on March 10 (Editor: Feng Yi) that

0
Would love your thoughts, please comment.x
()
x