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CANADA STOCKS-TSX rises to record high as tech rally extends winning streak
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CANADA STOCKS-TSX rises to record high as tech rally extends winning streak
Oct 6, 2025 8:25 AM

(Updates with morning prices)

By Ragini Mathur

Oct 6 (Reuters) - Canada's main stock index continued

its winning streak, surging to a fresh record high on Monday,

fueled by gains in technology stocks and positive sentiment from

Wall Street.

Toronto's S&P/TSX composite index climbed 0.2% at

30533.91 points, on track for its seventh consecutive session of

gains and building on its 2.4% gain from the previous week.

The bullish momentum mirrored Wall Street, where markets

rallied after AMD announced a chip-supply partnership

with OpenAI, becoming the latest in a series of artificial

intelligence deals that drove markets higher recently.

TSX's information and technology sector gained 1%.

Cryptocurrency miner Bitfarms ( BITF ) soared 14.7% as

bitcoin hovered near an all-time high.

Materials stocks added 1.4%, bolstered by gold

prices reaching historic highs. The precious metal benefited

from safe-haven demand and growing expectations for an interest

rate cut at the U.S. Federal Reserve's October meeting.

While a U.S. government shutdown entering its sixth day has

paused economic data releases south of the border, Canadian

investors are turning their attention to domestic employment

figures expected later this week.

"The employment numbers are critically important, especially

considering Canada's deeply concerning job data from the past

two months," noted Colin Cieszynski, chief market strategist at

SIA Wealth Management. "We're watching closely to see if there's

a rebound or if the negative trend continues."

"The employment numbers will be interpreted through the lens

of whether the Bank of Canada needs to implement further rate

cuts."

Back in markets, the energy sector contributed to

the positive momentum, rising 1.2%, after oil prices increased

about 1% on the day as OPEC+'s planned production increase for

November was more modest than expected.

Healthcare stocks, however, emerged as the day's

worst performer, declining 1.2%.

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