The Globe and Mail reports in its Friday edition that Canada's main stock index on Thursday wrapped up another strong quarter by climbing to a new all-time high, led by gains for resource shares as investors eyed potential interest-rate cuts in the coming months that could stimulate economic growth. A Reuters dispatch to The Globe says that the S&P/TSX composite ended up 59.95 points at 22,167.03, a record closing high. The index also hit an intraday record high, at 22,220.91, eclipsing the previous record it set in April, 2022. The S&P 500 closed out the week with slight gains. "The trade in the last month has really turned to reflation," said AGF's Mike Archibald. "Commodities are working extremely well. Banks have started to rally both south of the border and up here in Canada." The record-setting rally came as data showed Canada's economy growing 0.6 per cent in January, its fastest growth rate in a year. Still, investors stuck with bets the Bank of Canada would begin cutting rates in June. For the month of March, Toronto was up 3.8 per cent, its fifth straight month of gains. It advanced 5.8 per cent in the first quarter, after gaining 7.3 per cent in the previous quarter. Gold and energy both advanced.