Canadian Market Volatile; Tech and Materials Sectors Weigh Heavily on TSX

The S&P/TSX Composite closed 19.19 points or 0.17% at 11,241.96 on February 04, 2026, reflecting volatile trading. The session saw gains early in the day followed by declines, with the tech and materials sectors posting the largest individual declines of -1.2% and -1.5%, respectively. The Bank of Canada's latest policy meeting, held on February 02, 2026, and its commitment to maintaining accommodative monetary conditions provided some support to risk-on sentiment, though investors remained cautious on inflation and global economic data. The broader market remains sensitive to central bank policy and global macroeconomic conditions.