Stocks and Bitcoin rebound

Melisa R. H. Posted On February 6, 2026

After a volatile week of losses, markets in Toronto and New York convincingly rebounded to finish the week positive. On Friday, the TSX rallied 1.4% of 452 points to close 1.7% higher for the week. Materials, which led the week’s slump, healthcare and energy led stocks higher while telcos were among only two sectors that lost ground. Bay Street’s big movers: ARC Resources -10.12%, Bitfarms 25.32%, Baytex 4.54%, CNQ 2.89% and New Gold 11.9%. Silver bounced 8.75% to US$77, but was still far from recent highs, gold added 3.5% to US$4,950 while WTI inched up by 0.25% to US$63.45.

In New York, the S&P advanced over 2% to nearly break even for the week, the Nasdaq rallied 2.26% on Friday and slightly more for the week, while the Dow closed above 50,000 for the first time after jumping 2.5%% for the session and 2.2% for the week. Major movers: Amazon -5.58%, Intel 4.88%, Nvidia 8.07%, Alphabet -2.43% and Robinhood 13.9%. The U.S. 10-year yield held around 4.2% while Bitcoin soared 11% to US$70,000 but remained well off its highs.

🛢 Arc Resources Ltd (ARX-T) -10.12%

💾 Bitfarms LTD (BITF-Q) +25.32%

🛢 Baytex Energy Corp (BTE-T) +4.54%

🛢 Canadian Natural Rsrcs (CNQ-T) +2.89%

🥇 New Gold Inc. (NGD-T) +11.9%

📦 Amazon.com, Inc. (AMZN-Q) -5.58%

💾 Intel (INTC-Q) +4.88%

💾 NVIDIA Corporation (NVDA-Q) +8.07%

Ⓜ Alphabet Inc (GOOG-Q) -2.43%

💾 Robinhood (HOOD-Q) +13.9%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +11%