The Globe and Mail reports in its Thursday edition that Canada's main stock index rose to another record high on Wednesday, led by financial and metal mining shares, as investors cheered U.S. inflation data, as well as an upbeat travel outlook from Air Canada and recent signs the domestic economy is strengthening. A Reuters dispatch to The Globe says the S&P 500 and the Nasdaq also ended higher, helped along by upbeat quarterly results from CoreWeave and other AI infrastructure companies. The S&P/TSX Composite Index ended up 186.22 points at 36,662.14. "We are seeing continued bullishness toward Canada," said Colin Cieszynski at SIA Wealth Management. "We had that spectacular employment report earlier this month and I think that woke a lot of people up to just how well Canada is doing." Data last Friday showed that Canada's economy added many more jobs than expected last month and the unemployment rate dropped to a two-year low. Recent strength in commodity markets and upbeat corporate earnings have also contributed to positive sentiment toward the Toronto market. Gold rose 1 per cent after a U.S. inflation reading matched expectations, bolstering bets the Federal Reserve will keep rates on hold in September.
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