FX.co ★ TSX Poised to Set Record High

The S&P/TSX Composite Index increased by approximately 0.5% on Friday, surpassing the 26,630 level and targeting a new all-time high. This rise came as investors found reassurance in the suspension of potential U.S. military action and favorable developments in trade discussions between Canada and the United States. President Trump's decision to delay U.S. intervention in the Israel-Iran conflict by up to two weeks, alongside ongoing diplomatic talks in Geneva, reduced the geopolitical risk that had previously pushed markets into a defensive stance. Simultaneously, Prime Minister Carney’s commitment to finalize a comprehensive trade agreement with Washington within 30 days, avoiding retaliatory tariffs on steel and aluminum, eased concerns related to exports. This development helped bolster both resource and industrial stocks. In the stock market, e-commerce leader Shopify saw an increase of over 3%, Constellation Software gained more than 1%, and Brookfield topped the financial sector with an over 1% rise. The TSX was on track for a weekly gain of about 0.5%.