Toronto Stock Exchange sets record for highest close — here’s why - Global News

TORONTO — Canada’s main stock index closed at an all-time high Thursday as it overcame a correction late last year that saw it lose 17 per cent of its value.The S&P/TSX composite index gained 68.57 points to 16,612.81, surpassing the previous record close of 16,567.47 set last July.READ MORE: Canopy Growth signs deal to buy U.S. pot giant Acreage HoldingsStock markets are feeling “calm and bliss” following a reversal in language from central banks towards advocating a slow rise in interest rates, says Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel Inc.“That has the market feeling much more comfortable and confident, which has continued to push equity markets higher,” he said in an interview.The TSX has recovered 2,832 points or 20.6 per cent since sinking to its December low.WATCH: What Canada’s 1st inverted yield curve in 12 years tells us


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April 19, 2019 at 05:07AM