By Adriano Marchese

Toronto stocks rebounded after a bumpy week for Canadian indexes thanks to a broad-based upward trend across most sectors.

Tariffs were in focus during the trading session, with reports indicating that President Trump is considering rolling back his levies and duties on both steel and aluminum.

Canada's S&P/TSX Composite Index added 1.6% to reach 32984.81, and the blue-chip S&P/TSX 60 rose 1.4% to 1913.26.

Midway through the trading session, materials stocks led the advance followed by manufacturing and health tech stocks. Only the communications and consumer discretionary sectors were lower.

Magna International shares rallied 17% to 92.32 Canadian dollars ($67.83) after the auto-parts maker outlined growth targets with strong margins in a year where global vehicle prediction is expected to remain flat.

Other market movers:

Colliers International Group's stock slid 7.4% to C$148.78 after posting a weaker profit. That added to a recent broader selloff tied to market worries about how artificial intelligence will affect service firms.

Shares of Enbridge rose 3.8% to C$73.26 after energy infrastructure company reported strong fourth-quarter earnings. Those results came amid a backdrop of tariffs and geopolitical uncertainty. Enbridge also said it is weighing more than C$10 billion in near‑term projects to meet rising gas demand from industry, data centers, and expanding LNG export capacity.

Shares of Algoma Steel advanced 12% to C$6.51 on a report that President Trump might be considering rolling back tariffs and duties on aluminum and steel.

Air Canada shares added 3.1% to C$20.12 after the company logged a profit and higher revenue on a strong pick up in demand in the fourth quarter.

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

(END) Dow Jones Newswires

February 13, 2026 12:38 ET (17:38 GMT)

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