TSX reaches record high on Middle East peace prospects
The S&P/TSX composite index rose 1% to a record 34,830.89 on Monday. Mining and tech gains offset a drop in energy as oil prices fell amid peace talks in Doha.
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Canada stocks rose 1% to a record 34,830.89 on May 25 as Middle East peace negotiations fueled investor optimism. The S&P/TSX composite index climbed 359.53 points, surpassing its previous closing peak set on March 2. Easing inflation fears and a potential end to regional conflict are driving capital back into technology and mining assets.
