TSX Today: What to look for in stocks on Monday, January 12

Canadian stocks finished the first full week of 2026 strong as rising commodity prices and hopes for more rate cuts early in the year amid mixed economic signals supported broad gains in key sectors. The S&P/TSX composite index rose 234 points, or 0.7%, on Friday to settle at 32,613 – a new all-time high.

Despite intraday weakness in healthcare stocks, solid gains in most other major market sectors, including mining, energy and consumer cyclical sectors, led the TSX rally.

With this, the index ended the week with a gain of 2.3%, registering the best weekly performance in more than a month.

Top TSX Composite movers and active stocks

Endeavor Silver And West Fraser wood were the best performing TSX stocks of the day, up at least 7% each.

Shares of TerraVest Industries (TSX:TVK) rose 6.7%, among the top gainers of the day on the Toronto Stock Exchange. This rally in TVK stock came after the Vegreville-headquartered industrial company announced the acquisition of Texas-based KBK Industries for $90 million in cash. The deal is expected to add an established manufacturer of fiberglass and steel storage tanks to TerraVest’s portfolio and was priced at approximately 5.6 times KBK’s trailing 12-month EBITDA (earnings before interest, taxes, depreciation and amortization).

TerraVest expects this acquisition to strengthen its U.S. footprint, complement its existing fueling business and add geographic diversification. Investors seemed encouraged by the strategic fit and potential for cross-selling and expansion in the US market, sending TVK shares up sharply.

On the other hand, Bausch Health, Equinox gold, Bit farms, Aris MiningAnd BRP fell at least 2.6% each, making them the worst-performing TSX stocks of the session.

Based on their daily trading volume TD bank, Cenovus energy, Canadian natural resources, TC EnergyAnd Bit farms were the five most active stocks on the stock exchange.

TSX today

Commodity prices rose across the board in early trading on Monday, with both gold and silver trading at new record highs amid growing geopolitical uncertainty. This could boost the important TSX main index, which is open today.

Although there are no major economic releases this morning, investors will continue to closely monitor geopolitical developments. Overall, North American stocks may remain volatile as markets await the key U.S. consumer inflation report scheduled for Tuesday.

Market movements on the TSX today