Canadian Stocks Rally on Earnings and U.S. CPI Data (2026-02-13)

The S&P/TSX Composite closed 2.3% higher on February 13, 2026, as investors reacted to strong corporate earnings and revised U.S. CPI figures. The Bank of Canada's policy outlook remained unchanged, but the pace of economic data bolstered risk sentiment. Key movers included banking and energy sectors, with major banks reporting higher-than-expected revenue and improved net interest margins. The 0.6% rise in the 12-month U.S. CPI (vs 0.5% in the prior month) added upward pressure, though inflation expectations remained well below target.