TSX Records Strongest Monthly Gain Since November 2020

Canada's main index fell Friday but saw its best monthly gain since 2020. The TSX rose 7.6% in February even as fourth-quarter GDP data showed a 0.6% contraction.

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The primary stock market in Canada retreated on Friday as losses in financial and technology sectors outweighed gains in resource-linked stocks. Despite the daily decline, the market concluded February with its most substantial monthly gain in over five years.

The Art Deco architectural details of the original Toronto Stock Exchange building are pictured on Bay Street in Toronto, Ontario. REUTERS/Chris Helgren
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