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flag Canadian stocks soared on Feb. 2, 2026, after strong manufacturing data reversed a prior drop.

flag Canadian stocks surged on Monday, February 2, 2026, with the S&P/TSX composite rising 260 points to 32,183.88, recovering from a steep drop the previous Friday. flag Gains were fueled by stronger-than-expected January manufacturing data, including a rebound in Canada’s PMI to 50.4, signaling the first expansion in over a year. flag U.S. markets also advanced, with the Dow, S&P 500, and Nasdaq all posting gains. flag Investor optimism followed a sell-off triggered by speculation over a potential Federal Reserve leadership change and concerns about U.S.-Canada trade tensions, including threats of tariffs on Canadian aircraft. flag Gold prices declined amid the market shift, while the Canadian dollar weakened slightly.

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