The Canadian market climbed to a new all-time high on Friday, with stocks from healthcare, real estate and materials sectors contributing to the rise.
Expectations of an interest rate cut by the Federal Reserve next week, and further reductions in the coming months helped underpin sentiment.
The benchmark S&P/TSX Composite Index, which hit a new intra-day high at 23,637.25, ended the day's session with a gain of 93.51 points or 0.4% at 23,568.65. The index gained 3.5% in the week.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.