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CANADA STOCKS-TSX hits record high as investors assess economic data
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CANADA STOCKS-TSX hits record high as investors assess economic data
Jun 27, 2025 8:56 AM

(Updates with morning prices)

By Twesha Dikshit and Sukriti Gupta

June 27 (Reuters) - Canada's main stock index inched up

to an all-time high on Friday, but losses in heavyweight mining

shares kept gains in check, while investors assessed domestic

and U.S. economic data.

The S&P/TSX composite index was up 0.1% at

26,790.18 points, surpassing Tuesday's record intraday high of

26,780.19.

Healthcare stocks led the sectoral gains with

a 1.7% rise. Bausch Health Companies ( BHC ), the parent

company of contact lens maker Bausch + Lomb, rose 3.1%.

On the flip side, mining shares dropped 2.8%,

tracking gold that fell to a near one-month low. Gold miners

were among the top losers with Lundin Gold ( LUGDF ) falling 7%

to the bottom of the main index. Kinross Gold ( KGCRF ) lost 5.7%.

Economic data on Friday showed Canada's economy

contracted in April on a monthly basis as sectors exposed to

tariffs negated a boost from services.

The GDP figures are "being driven by weaker exports to

the US ... I don't think that's being reflected in the market

though," said Philip Petursson, chief investment strategist at

IG Wealth Management.

"It raises the potential for further interest rate

cuts."

In the U.S., consumer spending unexpectedly fell in May,

while monthly inflation increases remained moderate.

Among individual stocks, TC Energy ( TRP ) rose 3.3%

after the pipeline operator started collecting tolls for the

Southeast Gateway natural gas pipeline in Mexico.

Miner Wesdome Gold finished its acquisition of

Angus Gold ( ANGVF ). Shares of Wesdome Gold were down 2.9%.

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