Canada: TSX Closes Week Strong.

The S&P/TSX Composite surged 1.9% to close at 33,074 on Friday, securing a weekly gain of 1.9% as softer-than-expected US inflation improved risk appetite and buoyed rate-sensitive and commodity-linked shares. January US CPI slowed to 2.4%, easing pressure on Treasury yields and the dollar, while gold rebounded from the prior session’s selloff, lifting miners including Agnico Eagle (5.5%) and Barrick Gold (5.6%). Energy stocks lagged, however, as softer crude prices and rising supply tempered momentum within the sector, partially offsetting strength in materials. Elsewhere, Magna surged 18.9%, adding momentum to industrials after posting upbeat quarterly results. Air Canada advanced 3.7% after issuing an upbeat 2026 core-profit outlook, adding support to industrial and travel-related names. Despite the bounce, the index remains below recent highs as investors weigh the Fed’s policy path and the durability of global growth.