16.05.202520:03:11UTC+00TSX Posts Record High

The S&P/TSX Composite Index climbed by 0.3%, reaching a new peak of 25,972 on Friday. This ascent capped off a weekly increase of 2.4%, driven by robust performances in financial and technology sectors, which overshadowed the weaker performance among commodity producers. Key contributors to the index's rise included Royal Bank of Canada and Shopify, which posted gains of 1.2% and 1.5%, respectively. These increases were bolstered by a more favorable risk environment, spurred by easing trade tensions between the United States and China. Nonetheless, the index's gains were somewhat restrained by declines in major energy and mining stocks, given the index's significant exposure to resource companies. Concurrently, data from Statistics Canada revealed that domestic investors acquired C$15.6 billion in foreign securities in March, whereas foreign investors withdrew C$4.2 billion from Canadian assets.