Welcome to Canada’s Business This Week, for January 25th , 2026, brought to you by the MegaPixx Media Network and our exclusive partners: Dream Reach Achieve, Professional Sales Execution Academy, and Vanguard Cleaning Systems.
This week, markets reflected a cautious but orderly tone as investors continued to balance interest rate expectations with slower global growth signals.
The Canadian dollar closed the week trading around 1.38 U.S. dollars per Canadian dollar, roughly equivalent to 72–73 U.S. cents, as currency markets saw modest stability against broader market moves.
Gold prices remained elevated for much of the week before softening late, with gold futures around US $4,760 an ounce by week’s end, reflecting ongoing safe-haven positioning amid geopolitical and rate uncertainties.
Oil — West Texas Intermediate crude closed near US $65 a barrel, finishing the week with relatively muted movement but continuing to support Canada’s energy sector.
Natural gas prices ended the week around US $4.35 per million BTU, trading with notable volatility as supply and demand forecasts shifted.
Silver closed near US $78.83 an ounce, ending lower after a run of gains earlier in January.
Copper prices also gave back earlier strength, with copper futures around US $6.055 per pound, reflecting mixed signals from industrial demand.
In U.S. equity markets, the Dow Jones Industrial Average closed the week in the 48,800s to 49,500s range, reflecting modest broad market pressure alongside sector rotation. (Record closes earlier in January placed the Dow near 49,590, underscoring its elevated level before week’s end.)
The Nasdaq Composite ended the period in the mid-20,000s, under pressure from technology stock weakness as investors reacted to earnings and positioning shifts.
The S&P 500 finished the week near 6,935, showing modest decline as risk sentiment balanced equity valuation concerns against macro data.
Here at home, the TSX Composite closed the week around 33,090 to 33,144, with materials and energy sectors acting as relative supports, though late-week volatility pushed the index slightly lower.
The VIX, a gauge of U.S. stock market volatility, traded in the mid-teens to high teens, indicating moderated risk sentiment without signs of extreme fear.
U.S. 10-Year Treasury yields hovered near 4.2 percent, as fixed income markets showed nuanced reactions to economic data and policy expectations.
In digital assets, Bitcoin finished the week near US $86,500 to $89,000, reflecting a downtrend from earlier in January as crypto sentiment remained cautious.
Taken together, markets this week showed limited appetite for broad bounces. Equity indices reflected selective sector strength amid broader investor caution. Commodity prices, particularly in energy and precious metals, remained meaningful benchmarks for risk sentiment and inflation hedging.
For Canadian businesses, this environment reinforced a familiar approach. Hiring remained measured, with companies generally focusing on essential roles rather than broad expansion. Capital spending stayed directed toward targeted efficiency and productivity projects rather than large-scale investments. Across sectors, cost control, pricing discipline, and contract certainty continued to be emphasized as priorities in an uncertain economic backdrop.
This was not a week defined by bold moves.
It was a week defined by steady execution and disciplined decision-making.
That is it for this week on Canada’s Business This Week, brought to you by
MegaPixx Media: www.yyccalgarybusiness.ca
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