Jul 15, 2025 (Baystreet.ca via COMTEX) --
The Toronto Stock Exchange is at an all-time high as investors turn their attention to second-quarter earnings season and largely ignore the latest U.S. tariff threats.
On July 14, Canada's main stock index rose 175.60 points, or 0.7%, to close at 27,198.85, a record high.
The all-time high was achieved as shares of media and information company Thomson Reuters (TRI) and technology companies rose on the day.
Shares of Thomson Reuters gained 8% to hit a record high on anticipation that the company behind the Reuters news agency will be added to the Nasdaq 100 (NDAQ) index.
At the same time, Canada's industrials sector was up 0.9% and technology added 1.9%, helped by a 4% gain for e-commerce company Shopify (SHOP).
Additionally, consumer staple stocks rose 0.7% and real estate ended 0.8% higher.
Of 10 major sectors traded on the Toronto Stock Exchange, only energy ended lower on the day, falling 0.2% as the price of oil declined 2.3% to $66.91 U.S. a barrel.
The record high for the Canadian bourse comes as investors largely shrug off the 35% tariffs U.S. President Donald Trump has threatened to impose on Canada if a new trade deal isn't reached by Aug. 1.
Market analysts say that investors appear to have accepted that there will be some level of U.S. tariffs but expect the duties will not be as severe as threatened by President Trump.
At the same time, markets are eagerly awaiting the kick-off of second-quarter earnings season, with Wall Street's big banks starting to report on July 15.
There also continues to be expectations for further interest rate cuts this year from the Bank of Canada, which has already lowered rates twice in 2025.
COMTEX_467343068/2559/2025-07-15T09:12:36
