TOTONTO: Canada’s main stock index reached a record high on Friday, led by tech and financial shares, while investors assessed key US economic data and the US Supreme Court’s ruling against President Donald Trump’s tariffs.
The S&P/TSX Composite Index was up 0.2 percent at 33,647.43 points, as of 10:25 a.m. ET., and looked set for a third consecutive week of gains.
Tech shares, recently under pressure, led the sectoral gains with a 2.8 percent jump, and looked set for their first weekly gain in six.
Heavyweight financials also rose 0.33 percent.
The real estate sector rose 0.3 percent, with commercial real estate software firm Altus Group rising 4 percent after beating quarterly profit estimates.
On the macroeconomic front, US economic growth slowed more than expected in the fourth quarter, while underlying inflation increased more than expected in December.
On Friday, the US Supreme Court struck down Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies.
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