financetom
World
financetom
/
World
/
CANADA STOCKS-TSX rises to record high as tech rally extends winning streak
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading; Rise Nearly 3% for Week
Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading; Rise Nearly 3% for Week
Sep 12, 2025
10:30 AM EDT, 09/12/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking lower Friday morning, declining 0.44% to 2,620.80 on the S&P Asia 50 ADR Index, which was up 2.8% for the week. From North Asia, the gainers were led by fashion platform MOGU ( MOGU ) and video-sharing site Bilibili ( BILI...
CANADA STOCKS-TSX retreats from record run; focus on next week's rate decision
CANADA STOCKS-TSX retreats from record run; focus on next week's rate decision
Sep 12, 2025
Sept 12 (Reuters) - Canada's main stock index opened subdued on Friday, pressured by consumer stocks, as investors paused after two weeks of record rallies and turned their focus to a potential interest-rate cut by the Bank of Canada next week. At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 0.07% at 29,387.58 points....
PRECIOUS-Markets eye Fed rate cut as gold stays near all-time high
PRECIOUS-Markets eye Fed rate cut as gold stays near all-time high
Sep 12, 2025
* Silver prices at a 14-year high * Bullion hit a record high of $3,673.95 on Tuesday * All precious metals headed for weekly gains (Updates for U.S. morning hours) By Sherin Elizabeth Varghese and Sarah Qureshi Sept 12 (Reuters) - Gold prices rose on Friday, holding close to record highs hit earlier this week, as signs of a weakening...
European Equities Traded in the US as ADRs Fall in Friday Trading
European Equities Traded in the US as ADRs Fall in Friday Trading
Sep 12, 2025
10:59 AM EDT, 09/12/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts fell late Friday morning with the S&P Europe Select ADR Index declining 0.5% to 1,533.9. From continental Europe, the decliners were led by biotech firm BioNTech (BNTX) and biopharmaceutical company DBV Technologies ( DBVT ) , which fell 3.7% and 2.2% respectively. They...
Copyright 2023-2025 - www.financetom.com All Rights Reserved