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CANADA STOCKS-Canadian futures rise as gold prices rebound

ReutersFeb 3, 2026 11:33 AM

- Futures linked to Canada's main stock index rose on Tuesday, as precious metal prices bounced back from their steepest two-day slide in decades, with gold set for its biggest daily jump since November 2008.

March futures on Toronto's S&P/TSX Composite Index SXFcv1 were up 0.45% as of 6:02 a.m. ET.

Toronto's benchmark stock index .GSPTSE closed higher on Monday, recouping some of the previous session's steep losses, with broad-based gains led by financial and consumer-related stocks.

On Tuesday, spot gold XAU= surged about 5%, while silver XAG= climbed 8.5%.

Copper prices also rebounded after news that China plans to boost stockpiles of the metal, with renewed risk sentiment among global investors providing further support. MET/L

Oil prices steadied after losses earlier in the session. Crude prices have come under pressure recently as U.S.-Iran tensions ease, with the countries set to resume nuclear talks on Friday.

Brent crude futures LCOc1 and U.S. West Texas Intermediate crude CLc1 were up 0.1% and 0.2%, respectively.

Recent volatility in commodities amid the uncertain geopolitical landscape has impacted Toronto's resource-heavy stock market, with the benchmark index seeing sharp swings in either direction.

TSX fell about 3.7% last week.

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