03:41:00 EDT Sat 05 Jul 2025
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Globe/wire say TSX makes gains as inflation cools

2025-04-16 08:42 ET - In the News

The Globe and Mail reports in its Wednesday edition that Canada's main stock index rose on Tuesday to a 12-day high, led by technology shares, as inflation cooled and investors weighed whether much of the bad news from a global trade war has already been priced into the market. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 201.40 points at 24,067.39, extending its recovery from an eight-month low last Tuesday. U.S. stocks ended slightly lower. Some trade policy relief has helped support stocks in recent days, such as a possible modification to the 25-per-cent tariffs imposed on U.S. car imports, including from Canada. "We've had max bad news," said Diana Avigdor at Barometer Capital Management. "It's going to take another big shock to take us, say, another 20 per cent lower." Canada's annual inflation rate slowed to 2.3 per cent in March from 2.6 per cent in February, supporting expectations for the Bank of Canada to lower interest rates further. The price of gold approached a fresh record high. Technology was up 1.9 per cent, helped by a gain of 2.2 per cent for the shares of Shopify. Boeing stock fell 2.4 per cent after reports China is cancelling further deliveries of Boeing jets.

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