The S&P/TSX Composite climbed 0.6% to close at 30,353 on Friday as cooler than expected US inflation firmed odds of Fed rate cuts and kept risk appetite strong, helping offset renewed Canada trade jitters earlier in the week. All nine sectors traded higher with tech and growth names leading the advance. Shopify rallied 3.7%, Constellation Software added 1.5% and Celestica jumped 5%, while Brookfield paced the financials with a gain of 1.7%. The market’s upside was tempered earlier by President Trump’s abrupt termination of trade talks with Canada, but Ontario’s announcement that it will pause the controversial Reagan ad effective Monday has eased some near-term diplomatic friction and increased the odds talks will resume. For the week the TSX saw a 0.8% gain as investors balance easier US monetary policy expectations with still-elevated trade policy uncertainty.
