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CANADA STOCKS-TSX notches weekly gain to extend record-setting run
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CANADA STOCKS-TSX notches weekly gain to extend record-setting run
Jul 4, 2025 1:52 PM

(Updates at market close)

*

TSX ends up 0.01% at 27,036.16

*

For the week, the index adds 1.29%

*

Real estate group rises 1.9% as bond yields fall

*

Toronto-area home sales rise for third month

By Fergal Smith

July 4 (Reuters) - Canada's main stock index eked out

another all-time high on Friday, led by gains for the real

estate and consumer staples sectors as long-term borrowing costs

fell.

The S&P/TSX composite index ended up 1.9 points,

or 0.01%, at 27,036.16, eclipsing Thursday's record closing

high. For the week, the index was up 1.29%, while it has

advanced 9.33% since the start of the year.

"The TSX just continues to grind higher and all the stuff

that you want to see working in that benchmark still continues

to work," said Mike Archibald, a portfolio manager at AGF

Investments, pointing to recent strength for the heavily

weighted bank stocks, as well as for the materials group, which

includes gold mining shares.

Volumes were lower than usual, with U.S. markets closed for

the Independence Day holiday.

"A lot of the stuff that we were hoping to see a couple of

months ago we're now starting to see it. You obviously got the

tax bill through in the U.S," Archibald said.

U.S. President Donald Trump was scheduled to sign a massive

package of tax and spending cuts into law at a ceremony at the

White House, one day after the Republican-controlled House of

Representatives narrowly approved the legislation.

The real estate group rose 1.9% as the Canadian 10-year yield

eased 4.1 basis points to 3.353% and after data

showed Toronto-Area home sales rising for a third straight month

in June. Consumer staples was up 0.4%.

Four of the ten major sectors ended lower, including

technology, which dipped 0.3%, and energy.

Energy was down 0.2% as U.S. crude oil futures fell 0.75%

to $66.50 a barrel ahead of an expected OPEC+ output increase.

Canada's federal government has not been presented with any

private sector proposal to build a new crude pipeline to the

Pacific coast, the country's Natural Resources Minister Tim

Hodgson said.

(Reporting by Fergal Smith in Toronto and Sukriti Gupta and

Twesha Dikshit in Bengaluru; editing by Mark Heinrich, William

Maclean and Chizu Nomiyama )

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