TSX Rallies to Record, Ends Week Higher
Canadian shares ended the first trading week of May on a high note, with the benchmark S&P/TSX Composite notching a fresh record high around the 19,470 level, led by gains in the healthcare sector, while a rally in gold prices pushed shares of precious metal miners deep into the green. Meanwhile, the Canadian economy shed more jobs than expected in April, and the jobless rate rose to 8.1%, above market expectations of 7.8%. Also, the Ivey Purchasing Managers Index dropped to 60.6 from a near all-time high of 72.9, pointing to a slowdown in economic activity growth. Looking for how it performed this week, the index is up almost 2%.
50 hours ago