TSX Rally Stalls Near Records as Recession Worries Hit Before Jobs Data
Canada’s stock market is close to an all-time high as June starts, after gains in tech and gold stocks boosted the S&P/TSX Composite on Friday. But a surprise drop in GDP made the move look shaky beneath the surface. The Toronto Stock Exchange closed for the weekend, so Friday’s finish stands as the latest market reading. TMX runs regular trading from 9:30 a.m. to 4 p.m. ET. Why timing is key. Investors poured into commodities, AI plays, and bank stocks even as the economy slowed. Statistics Canada said gross domestic product was flat in Q1 from Q4; Reuters reported GDP dropped 0.1% annualized for a second quarterly fall.