Canada's main stock index opened higher on Friday, led by mining shares as precious metals rebounded on safe-haven demand, setting up the index to finish a volatile week with modest gains.
The TSX restocked 388.67 points, or 1.2%, to start Friday at 32,383.27.
The Canadian dollar fought doggedly ahead 0.05 cents to 73.34 cents U.S.
In corporate news, Saputo reported third-quarter revenue after the bell on Thursday that missed analysts' estimates, while energy firm Arc Resources' fourth-quarter revenue beat estimates.
Saputo shares gained 45 cents, or 1.1%, to $42.97.
Capstone Copper said on Friday that full operations have resumed at Chile's Mantoverde mine following an end to a labour strike. Capstone shares faded two cents to $21.06.
On the economic front, Statistics Canada says Employment edged down in January by 0.1% and the unemployment rate fell by 0.3 percentage points to 6.5%, as fewer people searched for work.
Ivey Purchasing Managers Index (PMI) data fell to 50.9 in January from rose to 51.9 last month. January 2025's reading was 47.1.
ON BAYSTREET
The TSX Venture Exchange bounced 28.55 points, or 2.9%, to begin Friday at 998.20.
All but one of the 12 TSX subgroups were higher, with gold brighter by 4.2%, materials up 3.3%, and information technology better by 1.6%.
The lone laggard was in telecoms, off 0.6%.
ON WALLSTREET
Stocks rose on Friday, positioning the market for a positive end to a volatile week that saw investors disappointed over tech stocks and fearing a cryptocurrency collapse.
The Dow Jones Industrials sprang up 822.03 points, or 1.7%, to 49.730.75, helped by gains in industrial stocks such as Caterpillar and financial stocks like Goldman Sachs
The S&P 500 index gained 64.83 points, or 1%, to 6,863.23.
The NASDAQ captured 160.22 points to 22,700.81.
With the day’s moves, the S&P 500 climbed back into the green for 2026, but the broad market index is still pacing for a negative week, as is the tech-heavy NASDAQ. The two have slid roughly 1% and 3% on the week, respectively, while the Dow is sitting more than 1% higher week to date.
The gains came even as Amazon shares sank 9% after the e-commerce giant posted earnings per share slightly under analyst expectations and told investors to expect $200 billion in capital expenditures this year. Despite these issues, other tech shares popped: Nvidia rose 3%, and Microsoft moved higher by nearly 1% after both companies saw close to double-digit percentage drops this week.
Bitcoin tumbled 16% overnight, briefly sinking below $61,000. However, the crypto leader recouped some losses Friday, adding 7% to climb back above $68,000.
Prices for the 10-year Treasury dipped, raising yields to 4.22% from Thursday’s 4.20%. Treasury prices and yields move in opposite directions.
Oil prices recovered 55 cents to $63.84 U.S. a barrel.
Gold prices recovered $85.70 to $4,975.20 U.S. an ounce.
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