This past week, Canada’s main stock index, the TSX, hovered just shy of a new all-time high, buoyed by rising metal prices. However, the optimism was tempered as markets stuttered in response to renewed fears surrounding geopolitical tensions, particularly regarding Russia. Investors are closely monitoring these developments, which could impact market stability.
Defence stocks shine
In the face of these uncertainties, stocks linked to the defence sector experienced a notable uptick. Companies involved in defence have seen increased demand, reflecting a broader trend of heightened military spending and strategic investments in security.
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