May 10 (Reuters) – Canada’s main stock index hit a record high on Friday, boosted by healthcare stocks amid a broader rally, as the index was poised to end the week higher on renewed interest rate cut optimism.
At 9:59 a.m. ET (13:59 GMT), the Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), opens new tab was up 62.5 points, or 0.28%, at 22,438.33.
The index saw broader gains, with nine out of eleven sectors trading in the green.
Materials shares (.GSPTTMT), opens new tab gained 0.9%, pulled up by miners like IAMGOLD Corp (IMG.TO), opens new tab that rose 6.5% as gold prices traded at over two-week highs.
Healthcare shares (.GSPTTHC), opens new tab rose 1.5% pulled up by a 3.8% rise in seniors’ living provider Sienna Senior Living (SIA.TO), opens new tab following its first-quarter results.
“Sentiment has been positive over the last week, as there’s renewed optimism for a rate cuts prior to the end of the year, on strong…
