11.02.202614:45:57UTC+00TSX Aims at Historic Highs

The S&P/TSX Composite Index rose about 0.3% on Wednesday, briefly trading above the 33,350 level for the first time. The advance followed solid gains on Wall Street after a stronger‑than‑expected US employment report highlighted the resilience of the North American economy. US nonfarm payrolls increased by 130,000 in the latest month—more than double economists’ forecasts—while the unemployment rate unexpectedly declined, bolstering confidence in underlying growth.

In Toronto, gains were broad-based, led by commodity producers and major financials. Gold miners benefited from firmer bullion prices, with Agnico Eagle, Barrick, Wheaton Precious Metals and Franco‑Nevada climbing between 1% and 2%. Energy producers such as Canadian Natural Resources, Suncor and Cenovus advanced roughly 2.3% to 2.6%. The big banks, including RBC, TD and Scotiabank, also traded higher, reinforcing the market’s upward momentum. By contrast, Shopify lagged the broader index, falling nearly 3% after delivering a weaker‑than‑expected fourth‑quarter report.