Canadian Stocks Hit Fresh Record High
The S&P/TSX Composite Index rose by 0.75% to achieve a new record high of 26,073 on Monday. This positive momentum was driven by favorable market sentiment following President Trump's decision to delay implementing a proposed 50% tariff on European Union imports until July 9th. This deferment instilled a temporary but optimistic outlook regarding future trade negotiations. Within the index, the information technology sector led the charge, with notable contributions from the industrial sector, while energy stocks saw gains despite stable oil prices. Standout performers included ATS Corporation, which soared over 20%, as well as Brookfield and Shopify, which increased by 2.3% and 2.7%, respectively. Conversely, Ivanhoe Mines emerged as the biggest loser of the session, plummeting nearly 16% due to the suspension of operations in Congo following seismic disturbances.
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