Tech stocks help S&P/TSX composite climb as Trump tariff threats fail to shake market

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TORONTO — Canada’s main stock index continued to climb Friday amid tech and financial gains, extending a nearly two-week run as markets bank on averting trauma from tariffs threatened by President Donald Trump.

The S&P/TSX composite index rose 34.41 points to 25,468.49.

“Overall, the market is moving quite mildly,” said Kevin Burkett, president of Victoria-based Burkett Asset Management.

“The main driver is technology,” he said, noting that Shopify Inc. and Constellation Software Inc. enjoyed modest gains.

Energy and industrials weighed on the TSX, however.

In the U.S, markets took a breather Friday after the S&P 500 posted a record high the day before.

In New York, the Dow Jones industrial average fell 140.82 points to 44,424.25. The S&P 500 index dipped 17.47 points to 6,101.24, while the Nasdaq composite dropped 99.38 points to 19,954.30.

Defensive sectors — utilities, telecoms and consumer staples —…

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