FX.co ★ TSX Closes Week at Record High

The S&P/TSX Composite Index increased by 0.5%, reaching a new peak of 27,494 on Friday, driven by robust performance in the technology sector. This positive trend occurred despite President Donald Trump's skepticism towards a trade agreement with Canada and hints at imposing tariffs independently. Key tech stocks like Shopify, Constellation Software, and Celestica were at the forefront of this growth, gaining between 0.9% and 4.2%. Gold mining companies, specifically Agnico Eagle and Barrick Mining, also saw rises of 1.3% and 1.6%, respectively, despite a dip in gold prices due to diminishing trade-war concerns affecting the precious metal. Anticipation now shifts to the upcoming policy decisions from the Bank of Canada and the U.S. Federal Reserve next week. Over the past week, the TSX recorded a gain of 0.7%.