TORONTO — Strength in the industrial and telecommunication sectors helped lift Canada’s main stock index more than 100 points in late-morning trading, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 116.83 points at 32,252.32.

In New York, the Dow Jones industrial average was up 234.33 points at 49,230.41. The S&P 500 index was down 4.95 points at 6,915.98, while the Nasdaq composite was down 147.29 points at 23,436.99.

The Canadian dollar traded for 72.13 cents US compared with 72.34 cents US on Wednesday.

The February crude oil contract was up US$1.04 at US$57.03 per barrel.

The February gold contract was down US$1.60 at US$4,460.90 an ounce.

This report by The Canadian Press was first published Jan. 8, 2026.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press