FX.co ★ TSX Hits All-Time High

The S&P/TSX Composite Index experienced a 0.5% increase, reaching a historic high of 28,751 on Wednesday. This uptick was largely driven by advances in key financial and mining stocks. Investors are anticipating crucial employment reports from both Canada and the United States, which could influence the monetary policy decisions of the Bank of Canada and the Federal Reserve. Among the financials, Bank of Montreal led the way with a 1.6% rise, while Wheaton Precious Metals climbed 1.1%, spearheading gains in the mining sector. Conversely, energy stocks underperformed due to a decline in oil prices following speculation that OPEC+ might unexpectedly boost production levels at its forthcoming meeting, whereas market expectations had generally favored stable output.