The Globe and Mail reports in its Friday edition that Canada's main stock index rose on Thursday to a new record high as investors weighed prospects of the country moving closer to a trade deal with the United States at the Group of Seven leaders summit this weekend. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 91.59 points at 26,615.75, eclipsing Wednesday's record closing high. U.S. Treasury Secretary Scott Bessent said he expects to attend the G7 leaders meeting in Canada, which runs from June 15 to 17, with President Donald Trump, and the two of them will likely meet with Prime Minister Mark Carney. "For Canadian investors, I think there's a building expectation that Carney and Trump may achieve some sort of agreement to de-escalate the trade and tariff war between our two countries," said Brian Madden at First Avenue Investment Counsel. The S&P 500 also ended higher on Thursday after a strong outlook from Oracle fuelled optimism around artificial intelligence, offsetting worries about tension in the Middle East. Oracle surged to record highs after the cloud service provider raised its annual revenue growth forecast, driven by strong demand for its AI-related services.