26.06.202520:05:15UTC+00TSX Renews Record High

The S&P/TSX Composite Index increased by 0.7%, closing at a new peak of 26,752 on Thursday. This uptick was primarily attributed to a general resurgence in both resource and interest rate-sensitive sectors, influenced by global dovish monetary signals and strengthened commodity prices. Leading the charge, base-metal miners such as Teck Resources and First Quantum saw increases of 7.9% and 7.5%, respectively, following copper prices reaching three-month highs due to concerns over US tariffs and optimism for Chinese economic stimulus. Additionally, energy companies like Cenovus and Canadian Natural experienced gains alongside a slight recovery in crude oil prices. The heavyweight financial sector also performed well, boosted by heightened expectations for wider rate differentials. On the downside, technology giant Shopify decreased by 1.3%, slightly dampening the overall market's positive performance.