The Toronto Stock Exchange (TSX) approached recent record highs on Friday, driven by strong performance in resource shares. The TSX ended the day up 0.85%, closing at 25,658.86 points. Energy stocks led the charge, with a 2.1% increase as oil prices settled up 1.9%.
The materials sector also saw significant gains, rising 2% as gold reached new record highs. MDA Space, a notable performer, saw its stock value jump by nearly 13%. The positive movement in the TSX comes amidst a broader global trend of rising shares.
Markets largely ignored U.S. President Donald Trump’s threats of tariffs on steel and aluminum, which could potentially limit the scope of future rate cuts. In the U.S., Wall Street’s main indexes opened higher, recovering from last week’s declines. Steelmakers led the charge, with the Dow Jones Industrial Average rising 0.21%, the S&P 500 gaining 0.34%, and the Nasdaq Composite advancing 0.74% at the opening…
