13:41:17 EDT Thu 02 Jul 2026
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Globe/wire say TSX posts 8th straight quarterly advance

2026-07-02 08:37 ET - In the News

The Globe and Mail reports in its Wednesday edition that Canada's main stock index slightly added to its quarterly gain on Tuesday, as financial and technology shares rose and after domestic data showed the economy expanding faster than expected in April. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 33.17 point at 34,856.99. Major U.S. indexes also added to recent gains. For the second quarter, the Canadian index was up 6.4 per cent, marking its eighth straight quarterly advance, the longest such stretch since 1996. Still, it lagged the 14.9-per-cent gain for the S&P 500, the U.S. benchmark. "The Canadian market, for the most part, has been largely earnings driven," said Angelo Kourkafas, senior global investment strategist at Edward Jones Investments. "It has lagged U.S. and some other indices because of its commodities tilt. But markets are ready to enter a new quarter from a solid footing." Financials, health care and technology led the Toronto Stock Exchange's quarterly advance, while the materials group and energy posted declines. Technology in Toronto rose 0.9 per cent on Tuesday, led by a gain of 6.2 per cent for the shares of electronic equipment company Celestica.

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