Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
South Korea GDP Surges on Chip and AI Boom 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
Gold Holds Near $4,400 as Fed Hike Bets Rise 
Yen Rebounds as BOJ Rate Hike Bets Rise 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Asian Stocks Mixed as Korean Chipmakers Rally 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China to Inject $45 Billion Into State Financial Institutions 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
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Canadian stocks finished higher at the close of trading on Monday, driven by strong gains in the Materials, Energy, and Consumer Staples sectors, pushing the benchmark S&P/TSX Composite Index to a fresh all-time high. The Toronto market showed resilience despite mixed global cues, with investors focusing on commodity strength and selective stock momentum.
By the end of the session, the S&P/TSX Composite Index rose 0.15%, extending its record-breaking run. Gains were led primarily by mining and resource-related stocks, supported by a sharp rise in gold prices and stable energy markets. Market breadth was mixed, as declining stocks slightly outnumbered advancing ones on the Toronto Stock Exchange, highlighting selective buying rather than broad-based optimism.
IAMGold Corporation emerged as the top performer on the TSX, surging 9.73% to close at 26.28, marking a new all-time high. G Mining Ventures Corp also posted strong gains, climbing 5.47% to 43.17, while Silvercorp Metals Inc advanced 5.21% to 16.56, also reaching a record level. These gains reflected renewed investor interest in precious metals stocks amid rising gold futures.
On the downside, Bitfarms Ltd fell 5.58% to 3.89, weighing on the technology and crypto-related segment. Open Text Corp declined 4.05% to 40.32, while goeasy Ltd dropped 3.92% to close at 129.03, making them among the session’s weakest performers.
Market volatility increased notably, with the S&P/TSX 60 VIX jumping 16.21% to 15.13, its highest level in a month, suggesting growing short-term uncertainty among investors.
In commodities, gold futures for February delivery surged 1.77% to $4,676.70 per troy ounce, providing strong support to mining stocks. Crude oil prices were marginally higher, with WTI crude at $59.43 a barrel and Brent crude at $64.16. In currency markets, the Canadian dollar was largely unchanged against both the U.S. dollar and the euro, while the U.S. Dollar Index Futures slipped 0.35%, adding further support to commodity prices.
Overall, the Canadian stock market ended the session on a positive note, underpinned by strong commodity performance and selective investor optimism.
