S&P/TSX Composite adds 0.3%, extends record streak
The S&P/TSX Composite Index rose 0.3% to close at 36,759, extending its record streak as lower oil prices and softer US producer inflation supported financials and other credit-sensitive shares.
The S&P/TSX Composite Index added 0.3% to close at 36,759, extending its record-breaking streak amid lower oil prices and soft US producer inflation.
Oil prices fell on weakening demand prospects.
Easing inflationary pressures in the US, following tame PPI data, supported financials and other credit-sensitive shares.
RBC added 0.6% and CIBC gained 1.1%.
Tech stocks posted gains, tracking a strong session for US chipmakers and hyperscalers.
Shopify advanced 5.3%, Constellation Software gained 2.8%, and Celestica added 2.6%.
Brookfield (+0.7%) reported higher second-quarter distributable earnings per share.
CCL jumped 6.9% after posting 9.1% sales growth and 10.7% adjusted EPS growth.
Pan American Silver slumped 9.8% after posting EPS below expectations.
Hydro One shed 0.5% despite beating quarterly estimates.
Metro lost 0.5% after reporting weaker fiscal third-quarter adjusted earnings.