Trump policy shift on tariffs and Greenland triggers relief rally in Canadian markets
Canadian markets saw a relief rally on Thursday after Donald Trump withdrew tariff threats against European allies and ruled out using force on Greenland.
Insights:
On January 22, 2026, the S&P/TSX Composite Index in Canada 
CAexperienced a relief rally following a significant de-escalation of geopolitical tensions by the United States 
US. President Donald Trump donald trumpwalked back threats to impose a 10% tariff from February 1 on eight European countries within the European Union 
EUand ruled out the use of force to acquire Greenland. By 10:24 a.m. ET, the S&P/TSX Composite Indexwas up 0.4% at 33,977.17 points.
CAexperienced a relief rally following a significant de-escalation of geopolitical tensions by the United States US. President Donald Trump donald trumpwalked back threats to impose a 10% tariff from February 1 on eight European countries within the European Union EUand ruled out the use of force to acquire Greenland. By 10:24 a.m. ET, the S&P/TSX Composite Indexwas up 0.4% at 33,977.17 points.
