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CANADA STOCKS-TSX notches record high as investor exuberance grows
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CANADA STOCKS-TSX notches record high as investor exuberance grows
May 26, 2025 9:05 AM

*

TSX ends up 0.8% at 25,897.48

*

Eclipses January 30 record closing high

*

Atkinsrealis Group ( SNCAF ) jumps 10.9% on results

*

Nine of 10 major sectors post gains

(Updates at market close)

By Fergal Smith

May 15 (Reuters) - Canada's main stock index rose to a

record high on Thursday, helped by gains for industrial and

financial shares, as recent de-escalation of the global trade

war fueled investor excitement about the market's prospects.

The Toronto Stock Exchange's S&P/TSX composite index

ended up 205.03 points, or 0.8%, at 25,897.48,

eclipsing the record closing high it posted on January 30.

"Day-to-day we're seeing big swings in investor exuberance,"

said Michael Sprung, president at Sprung Investment Management.

Investors could be "trying to read into some of these deals

in the Middle East and the (potential) boost to the economy,"

Sprung said.

A series of investment deals from the Middle East, during

U.S. President Donald Trump's ongoing Gulf tour, along with

earlier positive news on cooler U.S. inflation data and the

U.S.-China tariff dispute has raised investor sentiment.

"We have this presumed de-escalation of the trade war with

China but I'm not certain how long that will last," Sprung said.

The industrials sector rose 1.8%, led by a gain of 10.9% for

the shares of AtkinsRealis Group Inc ( SNCAF ) after the

engineering services firm reported first-quarter profit and

revenue above estimates.

Heavily weighted financials added 1%, while the materials

group, which includes metal mining shares, was up 1.3% as gold

rallied.

Energy was the only one of 10 major sectors to lose ground.

It fell 1.3% as the price of oil settled 2.4% lower at

$61.62 a barrel on expectations for a U.S.-Iran nuclear deal.

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