The Toronto Stock Exchange (TSE:XIU) is at an all-time high amid an ongoing boom in commodity prices.
Canada’s benchmark stock exchange finished trading on Sept. 26 at 24,033.83 points, its 26th record close of the year and the first time it has closed above 24,000 points. So far in 2024, the S&P/TSX Composite Index has risen 16%, driven higher by a rise in commodities, with prices for everything from gold to orange juice at or near record levels.
The latest record close for the Toronto Stock Exchange came on news that China’s government is taking steps to stimulate that country’s slumping economy, which is expected to increase demand for commodities in the nation of 1.4 billion people. Nearly half of the Toronto Stock Exchange’s weighting is comprised of stocks linked to commodities and mining.
How High Can the Toronto Stock Exchange Go?
The close above 24,000 points comes less than two months after the…
