The Globe and Mail reports in its Wednesday edition that Canada's main index rose for a sixth straight day on Tuesday, led by technology shares, as the potential benefit of a business-friendly U.S. government offset the economic uncertainty of looming trade tariffs. A Reuters dispatch to The Globe says that Wall Street's main indexes saw more substantial gains, with the S&P 500 and the Dow hitting their highest in more than a month, encouraged that President Donald Trump did not start his second term with blanket tariff increases. The S&P/TSX Composite Index ended up 110.05 points at 25,281.63, its highest closing level since Dec. 12. The daily winning streak was the longest since August. Mr. Trump has also proposed sweeping trade tariffs, which could include a 25-per-cent tax on imports from Canada beginning on Feb. 1. U.S. operations are a major contributor to Canadian bank earnings, while energy and material companies benefit from a weaker Canadian dollar. The tech sector rose 1.6 per cent, with shares of Shopify up 1.9 per cent. Financials added 0.8 per cent and the interest-rate-sensitive utilities sector ended 0.4 per cent higher. Canadian inflation slowed to a 1.8 per cent annual rate in December.
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