Canada's Stock Market Rebounds Amid Greenland Agreement

Canada's S&P/TSX Composite Index rose 0.3% on January 21, 2026, as energy stocks rallied following a Greenland agreement between the U.S. and Europe.

Insights:
Canada's S&P/TSX Composite Index experienced a rebound on January 21, 2026, climbing 0.3% or 101.25 points to close at 32,851.53. This recovery came in the wake of the index's largest decline in two months the previous day, driven by renewed investor confidence following the announcement of a framework for a Greenland agreement between the United States USUSand the European Union EUEU. The agreement helped avert the looming threat of new U.S. tariffs on European allies, which had been a significant source of market concern.
FILE PHOTO: A signboard showing Toronto Stock Exchange (TSX) stock data is visible in Toronto on June 23, 2014. Canada's main stock index remained stable on Monday as declines in financial and energy shares balanced gains in the materials sector. REUTERS/Mark Blinch/File Photo
FILE PHOTO: A signboard showing Toronto Stock Exchange (TSX) stock data is visible in Toronto on June 23, 2014. Canada's main stock index remained stable on Monday as declines in financial and energy shares balanced gains in the materials sector. REUTERS/Mark Blinch/File Photo
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