The Globe and Mail reports in its Thursday edition that even a bruising trade war can't rattle Canada's surging stock market. The Globe's Sophia Bertuzzi writes that after a deal between Canada and the United States collapsed late Friday night, the Canadian stock market largely shrugged off news that 50-per-cent tariffs hit a variety of Canadian industries and that Ottawa would retaliate with countermeasures. Shares of Ontario's three largest publicly traded auto-parts suppliers slumped on Monday after the breakdown in talks and fresh news that U.S. President Trump would double auto tariffs to 50 per cent from 25 per cent as of Jan. 1, 2027, and apply them also to auto parts, which have so far been exempted. But the auto industry, along with other sectors hit by tariffs such as lumber and dairy, only make up a small share of the Toronto Stock Exchange's benchmark S&P/TSX Composite Index. "It's important to remember that the TSX is not the economy," said Greg Taylor at PenderFund Capital Management. The S&P/TSX reached a record closing high of 36,957.63 on Tuesday, before retreating Wednesday by nearly 150 points. The Canadian benchmark is expected to outperform its U.S. counterpart for the second year in a row.