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.

洞察:
On January 22, 2026, the S&P/TSX Composite Index in Canada CACAexperienced a relief rally following a significant de-escalation of geopolitical tensions by the United States USUS. President Donald Trump donald trumpwalked back threats to impose a 10% tariff from February 1 on eight European countries within the European Union EUEUand 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.
A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch/File Photo
A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch/File Photo
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