13:50:15 EDT Fri 04 Jul 2025
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Globe/wire say TSX makes it seven consecutive up days

2025-05-15 08:28 ET - In the News

The Globe and Mail reports in its Thursday edition that Canada's main stock index climbed to a three-month high on Wednesday, but the move was modest as momentum from recent cooling of trade tensions faded and economic uncertainty persisted. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 75.59 points at 25,692.45, nearing its all-time high of 25,875.61 reached in January. It was the seventh-straight day of gains for the index. The S&P 500 flitted between gains and losses before closing slightly higher. A smaller-than-expected rise in U.S. consumer prices last month and a truce in the U.S.-China trade war have boosted investor sentiment in recent days. The Toronto industrials sector rose 1.5 per cent as railway shares notched gains. Shares of e-commerce company Shopify added 3.8 per cent, which helped lift the technology sector by 1.3 per cent. The materials sector, which includes metal mining shares, was a drag, falling 1.8 per cent, as gold and copper prices fell. The price of oil was also down, settling at $63.15 (U.S.) a barrel, after data showed U.S. crude oil stockpiles rose unexpectedly last week. U.S. Federal Reserve officials yesterday warned about tariffs adding to inflation.

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