TSX reaches new record high as US Supreme Court ruling limits Trump tariffs

Canada's main stock index surged to another record high on Friday as investors cheered a ruling against US tariffs. Financial and mining shares led the gains.

Insights:
Canada CACA's benchmark stock index reached a record closing high on Friday as investors reacted to a significant legal development in Washington. The S&P/TSX Composite Index gained 222.53 points, or 0.7%, to finish the session at 33,817.51. The rally followed a U.S. USUS Supreme Court ruling that President Donald Trump did not have the power to unilaterally set tariffs on imports, a decision that market participants viewed as a reduction in trade-related uncertainty.
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
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