Canada's S&P/TSX Composite Index closed above 33,000 for the first time in its history, propelled by strong gains in technology stocks. The milestone reflects heightened investor confidence in innovation-driven sectors and broader market momentum.
- S&P/TSX Composite closed at 33,012.76, first time above 33,000
- Technology sector gained 5.2%, contributing 1.8 percentage points to index rise
- Shopify (TSX: SHOP) up 11.4% on new AI platform launch
- Telus (TSX: T) rose 7.3% after strategic U.S. partnership
- 10-year Canadian bond yield fell to 3.87%
- Tech ETFs saw $1.2 billion in net inflows over one week
The S&P/TSX Composite Index reached a new all-time high, closing at 33,012.76 on January 15, 2026, marking the first time the benchmark has surpassed the 33,000 threshold. The advance was fueled primarily by a 5.2% surge in the technology sector, which contributed 1.8 percentage points to the index’s overall gain. Key tech stocks drove the rally, with Shopify Inc. (TSX: SHOP) climbing 11.4% after unveiling a new AI-powered e-commerce optimization platform. Telus Corporation (TSX: T) rose 7.3% following a strategic partnership with a U.S. cloud infrastructure provider, enhancing its digital services division. The combined impact of these two stocks accounted for nearly 40% of the sector’s daily outperformance. The broader market benefited from a supportive macroeconomic backdrop, including lower-than-expected inflation data and a dovish signal from the Bank of Canada's latest monetary policy meeting. The yield on the 10-year Canadian government bond dipped to 3.87%, easing financing costs for growth-oriented firms. Investors increasingly favor high-growth segments, with tech-related ETFs recording $1.2 billion in net inflows over the past week. The rally has also drawn attention to Canada’s emerging role in North American tech innovation, particularly in AI and digital infrastructure. Market participants now anticipate continued strength in the sector, with analysts upgrading several tech names to 'outperform'.