Gold Surge Drives Canadian Stocks Higher, S&P TSX Up 2.3% on Feb 13

Canadian equities posted a significant rebound on February 13, 2026, as gold prices surged past $2,000 per ounce, spiking 3.8% on the New York market. The S&P TSX Composite rose 2.3% to 16,423.59, with miners and junior exploration companies leading the gains. The price rally reflected heightened inflation expectations and continued Federal Reserve monetary policy uncertainty. The TSX Metals Index gained 4.1%, while the broader S&P TSX 60 rose 1.8%.