12:43:48 EST Fri 27 Feb 2026
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Globe/wire say gold, banks help push TSX to new record

2026-02-27 08:37 ET - In the News

The Globe and Mail reports in its Friday edition that Canada's main stock index rose to another record high on Thursday as gold prices edged up and banks reported stronger-than-expected earnings. A Reuters dispatch to The Globe says Wall Street, however, had a weaker session after artificial-intelligence vanguard Nvidia failed to impress investors. The S&P/TSX Composite Index ended up 374.63 points, or 1.1 per cent, at 34,501.96. Canada's six biggest banks exceeded profit forecasts this week in results boosted by wealth management and fee-based income, underlining the resilience of the country's economy to the impact of U.S. tariffs and broader policy uncertainty. The financial sector has gained 31 per cent since the start of the year after nearly doubling in 2025. The price of gold was up 0.5 per cent on Thursday as investors weighed the outcome of U.S.-Iran nuclear talks in Geneva. Shares of energy infrastructure company Enerflex jumped 17.7 per cent after the company reported quarterly results. Northland Power rose 8.3 per cent after releasing upbeat guidance for this year. Technology rose 2.1 per cent, with shares of e-commerce company Shopify adding 4.6 per cent, but the tech-laden Nasdaq declined 1.2 per cent.

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