The S&P/TSX Composite Index climbed 0.2% to close at 25,440 on Friday, marking its fifth straight session of gains and a fresh record high, with a weekly advance of over 2.2%. Investors reacted positively to robust retail sales data, which strengthened expectations for an interest rate cut next month. Retail sales likely rose by 0.7% in October, marking the fourth consecutive monthly increase following an upwardly revised 0.4% gain in September. The rally was also supported by the Canadian government’s recent proposal of $6.3 billion in new spending to stimulate the economy. Most sectors traded higher, led by mega caps Brookfield, Canadian National Railway, and Canadian Pacific Railway, which gained between 1.3% and 2%. Energy and mining stocks added further momentum as oil and gold prices climbed.
The main stock market index in Canada (TSX) increased 4486 points or 21.40% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Canada. Historically, the Canada Stock Market Index (TSX) reached an all time high of 25478.37 in November of 2024. Canada Stock Market Index (TSX) - data, forecasts, historical chart - was last updated on November 23 of 2024.
The main stock market index in Canada (TSX) increased 4486 points or 21.40% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Canada. The Canada Stock Market Index (TSX) is expected to trade at 24131.83 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 23380.68 in 12 months time.