The Globe and Mail reports in its Friday edition that Canada's main stock index rose for the eighth straight session Thursday, closing at an all-time high in a surprisingly fast recovery from its plunge into correction territory only six weeks earlier. The Globe's Darcy Keith writes that S&P/TSX Composite Index closed at 25,897.48, up 205.03. The bounce-back from the its April lows has been broadly based, led by strength in technology and financial sectors. On Thursday, industrials -- a sector that is particularly sensitive to the economy -- led gainers, further signalling a reluctance among investors to believe a punishing recession is inevitable amid the continuing trade and tariff tensions with the United States. Stocks globally have been rallying in recent weeks, and the S&P 500 also gained on Thursday. It remains about 4 per cent below its record-high close on Feb. 19. "The TSX hitting an all-time high is a reminder that markets often look past today's headlines and price in tomorrow's potential," said Stan Wong at Scotia Wealth Management. David Rosenberg at Rosenberg Research cautioned against interpreting Toronto's record-breaking run as a made-in-Canada event, pointing to "global risk-on momentum."