FX.co ★ TSX Tracks US Peers Higher

The S&P/TSX Composite Index rose by 0.6% to conclude the week at 30,353 on Friday, driven by a cooler-than-anticipated US inflation report that strengthened the likelihood of interest rate cuts by the Federal Reserve, sustaining a robust risk appetite among investors. This offset concerns earlier in the week regarding Canada’s trade situation. All nine sectors posted gains, with technology and growth stocks at the forefront. Notable performers included Shopify, which surged by 3.7%, Constellation Software, which rose 1.5%, and Celestica, which advanced by 5%. Within the financial sector, Brookfield led the way with a 1.7% increase. The market's overall positive momentum faced earlier resistance due to President Trump’s sudden decision to halt trade discussions with Canada. However, Ontario’s announcement to halt the contentious Reagan advertisement effective Monday has alleviated some immediate diplomatic tensions, improving the chances that the trade talks may resume. Over the week, the TSX registered a gain of 0.8% as investors weighed the prospects of more accommodative US monetary policy against ongoing uncertainties in trade policy.