TSX ends up 1.45% at 24,553.40
For the week, the index loses 0.83%
Financials end 1.9% higher
March 14 – Toronto’s main stock index rallied on Friday as technology and financial shares led broad-based gains and Mark Carney was sworn in as prime minister of Canada, but investors doubted that the recent tariff-driven selloff has run its course.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 350.17 points, or 1.45%, at 24,553.40, its biggest daily advance since August 8.
On Thursday, the TSX posted its lowest closing level in four and a half months. For the week, it was down 0.83%.
U.S. equities also rebounded after a turbulent week marked by a broad selloff as investors assessed the economic fallout of the Trump administration’s chaotic trade policies.
“We are seeing a relief rally in the markets today,” said Philip Petursson, chief investment strategist at IG Wealth Management.
“However, a better…
