TSX up 126 Points With Miners, Tech Stocks The Best Performers

12:15 PM EST, 01/26/2026 (MT Newswires) -- The Toronto Stock Exchange is up 126 points, led by strong gains in miners (+2.2%) and tech stocks (+0.9%).

Industrials, down 0.7%, is the biggest decliner. Bombardier (BBD-B.TO) is down 6.5% to $248.47 after a downgrade by Goldman Sachs to sell from neutral, several media outlets are reporting.

On the economics front, BMO Economics notes the Bank of Canada makes its policy announcement on Wednesday, and is widely expected to keep rates steady. That would be the second consecutive meeting on hold, after a cumulative 100 bps of cuts in 2025. BMO's Benjamin Reitzes said after a very strong run, the economic data have softened since the December meeting. However, he adds, conditions haven't changed enough to prompt a shift from the BoC.

This policy statement will include a Monetary Policy Report, with a fresh set of forecasts.

Meanwhile, CTV News noted with Parliament resuming after the winter break, Prime Minister Mark Carney has unveiled a boost to the GST credit as part of a suite of new affordability measures. Carney made the announcement in Ottawa on Monday, launching what's called the "Canada Groceries and Essentials Benefit." The quarterly GST payments will see an increase of 25% over the next five years, and will also include a one-time top-up of 50% this June. According to the federal government, a family of four will receive up to $1,890 this year with the increases, compared to $1,100 a year as the credit exists now. A single person, meanwhile, would receive $950 this year compared to $540.

Over the weekend, U.S. President Donald Trump reverted to calling Carney "governor" and threatened additional tariffs on Canada for making a trade deal with China. Taking questions following his groceries announcement, CTV News noted Carney was asked about his thoughts on being called "governor" by Trump. Carney said diversifying trade partners "is a positive thing." He called the upcoming review of CUSMA, or the Canada-U.S.-Mexico Agreement, "robust" as Trump is a "strong negotiator," and that "some of these comments and positionings should be viewed in the broader context of that."

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