The Globe and Mail reports in its Friday edition that Canada's main stock index rose to a record high Thursday, aided by gains for financial and technology shares, as Couche-Tard abandoned its 7-Eleven takeover bid and U.S. data pointed to economic resilience. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 233.96 points at 27,386.93, surpassing Monday's record closing high. "Market strength has been unexpected and pretty exceptional, and that can be attributed to data that shows both Canada and the U.S. are holding up despite ongoing tariff threats," said Elvis Picardo at Luft Financial, iA Private Wealth. U.S. retail sales rebounded more than expected in June, data showed on Thursday. "This rally has been relentless -- hardly any pullbacks," Mr. Picardo said. "The fear of missing out currently dominates the possibility that you may have some downside going into the volatile summer months." The tech sector rose 2.53 per cent, with Shopify adding 6.43 per cent. Financial stocks were up 1.12 per cent. The S&P 500 and Nasdaq also both closed at record highs Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend.