00:41:53 EDT Thu 03 Jul 2025
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Globe/wire say TSX ends at record high in light trading

2025-05-27 08:55 ET - In the News

The Globe and Mail reports in its Tuesday edition that Canada's main stock index rose on Monday to a record high, with the technology sector leading broad-based gains as investors cheered a cooling in global trade tensions. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 193.18 points at 26,073.13, eclipsing the record closing high it posted last Tuesday. Volumes were lower than usual as U.S. markets were closed for a public holiday. U.S. President Donald Trump backed down from threatened 50-per-cent duties on European Union shipments starting June 1, giving global markets a lift. The pan-European STOXX 600 index closed 1 per cent higher. All 10 major sectors in Toronto ended higher, led by technology, which advanced 1.8 per cent. The industrials sector rose 1 per cent, helped by a gain of 20.3 per cent for the shares of ATS Corp. after the automation tech company reported better-than-expected quarterly revenue. Shares of Ivanhoe Mines tumbled 16.2 per cent. The company said it had suspended its output forecast for this year after seismic activities at its copper mine in the Democratic Republic of the Congo halted underground mining operations. First-quarter GDP data are due on Friday.

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