The S&P/TSX Composite rose 0.9% to close at 30,161 on Friday, trimming part of this week’s loss to 0.6% as investors reassessed risks around elevated AI spending. Markets took comfort from New York Fed President John Williams’ cautiously dovish tone and his view that policy remains modestly restrictive but could move closer to neutral with a further near term adjustment. Shopify led gains, jumping 2.1%, while major financials including RBC, TD, BMO and Brookfield added between 0.9% and 2.3%. Energy producers limited the advance with Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus shedding between 0.7% and 1.7% as oil prices fell. In corporate news Dye & Durham received a C$272 million private offer from Plantro and GFL Environmental filed a secondary offering by selling shareholders.
