TSX nears record high as technology shares lead gains
The S&P/TSX Composite Index rose 0.2% to 34,471.36 on Friday, marking its highest close since early March. Gains were driven by a 1.6% rise in the technology sector and positive retail sales data, while investors shifted focus toward upcoming quarterly earnings from major Canadian banks.
Canada's main stock index rose 0.2% to 34,471.36, closing at its highest level since March 2. The S&P/TSX Composite Index reached a 1.9% weekly gain as investors rotated into technology shares while preparing for quarterly results from the nation's largest lenders.
The index reached an intraday record of 34,574.87 during the afternoon before settling near its previous peak. Allan Small of iA Private Wealth said market focus shifted toward the technology sector.
