Canada’s main stock notched on Friday its third straight day of record closing highs, overcoming uncertainty around the Middle East conflict and the upcoming U.S. election, as metal mining shares jumped on higher gold and copper prices. The Dow Jones Industrial Average and S&P 500 also chalked up record closing highs, as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 132.06 points, or 0.5%, at 24,822.54. For the week, the index added 1.4%. That’s its sixth straight weekly gain, which is the longest such stretch since April.
“It’s a stealth rally,” said Brandon Michael, senior investment analyst at ABC Funds. “Everyone is so focused on the noise — the looming U.S. election, geopolitics – and they’re very skeptical.”
Some analysts have worried that stretched valuations for some high-flying…
