The S&P/TSX Composite rose 1% to close at a record 30,472 on Friday, putting the Toronto exchange up 2.4% for the week as tech and commodity producers led the advance while hopes for a near-term Fed rate cut outweighed concerns about a US government shutdown. Mega-cap Shopify jumped 6.5% after Rothschild Redburn raised its price target to $200 from $180 while retaining a Buy rating and citing OpenAI’s Instant Checkout as a fresh monetization lever. Constellation Software added about 3.3%. Miners and energy producers outperformed as gold hit record highs and oil steadied after this week’s sharp selloff. On the data front Canada’s manufacturing PMI remained in contraction at 46.3, the tenth straight month below the 50 no-change mark, reinforcing expectations of a looser policy backdrop.