What’s going on here?
Toronto’s stock market scored a fifth straight win, with the S&P/TSX Composite Index jumping 86.02 points to 24,192.81, thanks to cooling inflation and strong commodity prices.
What does this mean?
The Toronto Stock Exchange’s latest rally marks a clear shift in investor mood. Gains were led by Energy, Telecoms, and Health Care sectors, each climbing over 1.5% due to eased inflation worries and solid commodity markets. Analysts at BMO Economics credit the Bank of Canada’s strategy: a 225 basis point rate cut down to 2.75% this past year. The Canadian dollar’s 4% rise and lower energy costs have also eased inflation pressures. With the consumer carbon tax gone, headline inflation could drop by 0.7 percentage points. Conversely, base metals took a hit, dipping 1%. Despite shaky global trade conditions, gold held firm at US$3,334.70 per ounce amid ongoing US tariff threats, and WTI crude oil rose to US$64.68 per…
