Toronto stocks closed the week green, with soft inflation data boosting hopes for a rate cut. The TSX pulled back from its record high as investors turned their focus to the Jackson Hole meeting. Consumer discretionary shares helped lift the index to a new record high, while energy and financials led gains.
Toronto stocks closed the week green, buoyed by soft inflation data that has fueled speculation of a potential Federal Reserve (Fed) rate cut. The TSX Composite Index (.GSPTSE) pulled back from its record high, as investors shifted their focus to the upcoming Jackson Hole Economic Symposium on August 22, 2025. The consumer discretionary sector, led by Gildan Activewear’s (GIL.TO) acquisition of Hanesbrands (HBI.N), helped propel the index to a new record high, while energy and financials also contributed to the gains.
The TSX Composite Index (.GSPTSE) ended the week at 27,993.43, a 0.3% increase from the previous week [2]. The…
