TSX Renews Historic High

2026-02-20 21:05 By Felipe Alarcon 1 min. read

The S&P/TSX Composite closed at a record 33,818 on Friday, after adding 0.7% to secure a weekly gain of over 2% after the US Supreme Court struck down President Trump's global tariffs.

The ruling triggered a relief rally for trade-exposed firms, with Constellation Software and industrial leaders gaining over 3%, while Shopify rose 1.9%.

Mining stocks led the charge as Lundin Mining soared 10.9% on upbeat results, and Wheaton Precious Metals jumped 3.3%.

Financials also finished strong.

BMO and Royal Bank added around 1% to outweigh concerns over a soft 1.4% US GDP print and sticky inflation.

Conversely, energy producers like Suncor and Imperial Oil fell around 2% as oil prices pared weekly gains despite a 9 million barrel drop in US inventories.

The benchmark capped its best week since January as the removal of tariff uncertainty and a late-session surge in materials eclipsed the threat of a new 10% global levy announced by the White House shortly before the close.



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