The Globe and Mail reports in its Tuesday edition that North American stock markets continued their winning streak Monday, as investors' growing confidence that former U.S. president Donald Trump may be heading back to the White House translated to fresh gains. A Reuters dispatch to The Globe says that the S&P/TSX Composite Index was up 78.16 points to a new closing record of 22,751.68. The Dow added 210.82 points to close at a record-setting 40,211.72. The S&P 500 index rose 15.87 points at 5,631.22 to close just shy of last week's all-time high, while Nasdaq was up 74.12 points at 18,472.57, just short of its own high. Monday's strong performance extended recent momentum driven by indications that U.S. inflation may be finally slowing enough to convince the Federal Reserve to reduce interest rates. Stocks got an added boost from investors who feel Mr. Trump's chances of re-election are looking increasingly likely following a failed assassination attempt. While the Bank of Canada has already started to cut rates, Fed officials have been saying they want to see "more good data" on inflation before making a move. Even the "Trump trades" stemming from a lighter regulatory touch are not guaranteed to continue.