India, Aug. 6 -- The Canadian stock market on Wednesday extended its previous session's gains to set a new record today, supported by growing investor confidence about the possibility of an interest rate cut by the Fed.
After opening higher than yesterday's close, the benchmark S&P/TSX Composite Index moved up to reach an intra-ay high of 27,955.55 in less than an hour. Holding firm, the index remained positive before finally settling at a new record closing high of 27,920.87, up by 350.79 points (or 1.27%).
S&P Global Canada data revealed that the Composite PMI rose to 48.7 in July 2025 from 44.0 in June. Both the manufacturing (46.1 vs 45.6) and services (49.3 vs 44.3) sectors posted softer downturns.
Days after the US raised tariffs o...