04.09.202513:49:44UTC+00TSX Pushes to Fresh Records

The S&P/TSX Composite Index edged up by approximately 0.3%, surpassing the 28,800 mark on Thursday. This movement marks a pursuit of its seventh consecutive session of record highs, buoyed by gains in the technology, financial, and mining sectors as market participants anticipate crucial employment data from Canada and the US. E-commerce leader Shopify saw its shares increase by over 1%, while Barrick Mining rose nearly 1%, and notable banks demonstrated robust performance. On the economic front, Canada recorded a July trade deficit of CAD 4.9 billion, which is narrower than June's adjusted shortfall of CAD 6.0 billion but slightly wider than the CAD 4.75 billion forecast, representing the smallest deficit in four months. Additionally, the private-sector activity composite PMI decreased to 48.4 in August from 48.7 in July, reflecting the second-best reading this year, yet still indicative of a nine-month streak of contraction.