TSX hits record high on strong bank earnings and gold

The TSX hit a record high Thursday as major banks beat earnings forecasts. Gains in the materials and technology sectors also supported the index's rise.

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The S&P/TSX composite index reached a new record high on Thursday, closing at 34,501.96 after a gain of 374.63 points, or 1.1%. This milestone follows a previous record set on Wednesday, driven largely by strong performance in the financial and materials sectors.

The historic Art Deco exterior of the former Toronto Stock Exchange located on Bay Street in Toronto, Ontario, Canada, as captured in January 2019. REUTERS/Chris Helgren
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