Canadian Market Extends Gains as Tech and Healthcare Stocks Surge (Jan 23, 2026)

The S&P/TSX Composite closed up 1.2% to 18,450.61, extending a three-day rally that has lifted the index 2.8% year-to-date. Technology and healthcare sectors led the advance, with major indices in those segments up 2.1% and 1.8% respectively. The rebound followed a December CPI print of 3.7%, in line with expectations, but higher-than-forecast inflation pressured the loonie, closing at C$1.3680, down 0.3% from the prior day.