Toronto Stocks Flat in First Trading Day of 2026; Denison Mines Rises

Dow Jones01-03
 

By Adriano Marchese

 

Stocks in Toronto were virtually flat to kick off the first trading day of 2026.

Most sectors were trending higher midday Friday, led by tech, process industries and manufacturing. These gains were offset primarily by losses in material stocks, health services and energy.

Canada's S&P/TSX Composite Index was 0.1% lower, at 31689.42, but the blue-chip S&P/TSX 60 rose 0.1%, to 1861.21.

Denison Mines shares rose 12%, to 4.07 Canadian dollars (US$2.97), after the uranium miner said it is waiting for final government approvals to kickstart construction of a mine in Saskatchewan.

 

Other market movers:

Neo Performance Materials shares rose 5.3%, to C$16.37, after it said it has ended its long‑running patent dispute in Europe with Rhodia Operations, agreeing to pay 7.1 million euros (US$8.3 million) as part of a settlement.

Shares in Bitfarms rose over 11%, to C$3.59, after it said it would sell its 70-megawatt site in Paraguay to Sympatheia Power Fund for up to US$30 million as part of its strategy to focus on its North American power assets.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

January 02, 2026 12:05 ET (17:05 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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