Why are TSX futures higher today?

Improved risk sentiment after reports that Trump Greenland tariffs were walked back is lifting global equities. That, plus steady U.S. futures, supports Canadian stocks pre-market. Traders are also positioning for Canada’s housing price data and Novagold results, while easing oil and gold set sector expectations for the session.

Which sectors could lead TSX today?

If crude stays soft, banks and select defensives may lead as investors seek earnings stability and dividends. High-quality energy and materials could still see dip buying. Gold miners may lag if bullion slips further, while rate-sensitive REITs react to the housing price data print.

What economic data matters for Canadian stocks pre-market?

Canada’s housing price data is the main domestic watch as it affects banks, REITs, and consumer confidence. U.S. indicators and any tariff headlines can shift sentiment quickly. Together, these cues shape sector rotation and intraday momentum for the S&P/TSX Composite during the session.

How should short-term traders approach TSX today?

Focus on levels and breadth. With trend gauges firm, buying pullbacks is preferable to chasing early gaps. Use ATR-based position sizing, trim into strength near prior highs, and avoid oversized trades around data releases. Reassess sector leadership by midday and keep stops disciplined if volatility rises.

Global Market Insights

^GSPTSE Today, January 22: TSX Futures Rise as Trump Backs Off Tariffs

ByHuzaifa Zahoor January 23, 2026January 23, 2026

TSX today: Canadian stocks pre-market point higher as risk sentiment improves after reports that President Trump walked back Greenland-linked EU tariff threats. The ^GSPTSE is set for a firmer open as investors track Canada’s housing price data and Novagold results. Oil and gold easing from recent highs could sway energy and materials at the open. We outline what matters for the S&P/TSX Composite, sector moves to watch, and practical levels for intraday risk management.