18:28:17 EDT Fri 04 Jul 2025
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Globe/wire say TSX makes gains despite "wall of worry"

2025-02-14 09:10 ET - In the News

The Globe and Mail reports in its Friday edition that Canada's main stock index rose on Thursday, led by technology and real estate shares, as investors appeared unworried about the latest U.S. tariff threats and additional evidence that U.S. inflation was picking up again. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 135.40 points at 25,698.51, moving back in reach of the record-high close it posted in January. "Equity markets are up today, climbing a wall of worry as they deal with sticky inflation, tariff concerns and generally weak investor sentiment," said Brandon Michael, senior investment analyst at ABC Funds. U.S. President Donald Trump unveiled a road map for charging reciprocal tariffs on every country that puts duties on U.S. imports. The Toronto Stock Exchange's technology sector was up 1.9 per cent, while real estate added 1 per cent as bond yields fell. The S&P 500 also ended higher on Thursday, lifted by gains in Nvidia, Apple and Tesla. Stocks also gained after data showed U.S. producer prices increased in January, while key elements in the core Personal Consumption Expenditures Index, a measure closely tracked by the U.S. Federal Reserve, were benign or lower.

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