Canada’s main stock index continued its winning streak, surging to a fresh record high on Monday, fueled by gains in technology stocks and positive sentiment from Wall Street.
Toronto’s S&P/TSX composite index climbed 0.2 per cent at 30533.91 points, on track for its seventh consecutive session of gains and building on its 2.4 per cent gain from the previous week.
The bullish momentum mirrored Wall Street, where markets rallied after AMD announced a chip-supply partnership with OpenAI, becoming the latest in a series of artificial intelligence deals that drove markets higher recently.
TSX’s information and technology sector gained 1 per cent.
Cryptocurrency miner Bitfarms soared 14.7 per cent as bitcoin hovered near an all-time high.
Materials stocks added 1.4 per cent, bolstered by gold prices reaching historic highs. The precious metal benefited from safe-haven demand and growing expectations for an interest rate cut at the U.S….
