The Globe and Mail reports in its Thursday edition that the Toronto Stock Exchange closed higher on Wednesday, led by gains for technology and metal mining shares, as Canada's reprieve from U.S. trade tariffs continued to bolster sentiment ahead of domestic and U.S. jobs data at the end of the week. A Reuters dispatch to The Globe says that all three major U.S. stock indexes closed higher as well, rebounding from declines earlier in the session as investors brushed off disappointing Alphabet earnings and weighed the prospect of future interest-rate cuts from the U.S. Federal Reserve. The S&P/TSX Composite Index ended up 290.49 points at 25,569.84, adding to yesterday's gains. It follows news earlier this week of a 30-day pause on U.S. trade tariffs, which had been due to take effect on Tuesday. "The market believes that the tariffs aren't going to happen ... they'll come to some agreement before the end of the month," said Allan Small at iA Private Wealth. "Now we're all waiting for the big jobs number on Friday." The TSX technology sector rose 2.9 per cent, with shares of Celestica up 8.8 per cent. On Wall Street, Google parent Alphabet dropped 7.3 per cent after posting downbeat cloud revenue growth on Tuesday.
© 2025 Canjex Publishing Ltd. All rights reserved.