The S&P/TSX Composite rose 0.8% to a historic close of 29,408 on Thursday, following gains in US markets after softer US CPI data and fresh signs of labour-market weakness tempered the economic outlook. Jobless claims climbed to their highest level in nearly four years in early September, reinforcing disappointing payroll revisions and underscoring a shift away from the prior resilience to higher rates. Rate futures continue to price about 75 basis points of Fed cuts this year, implying roughly one reduction at each of the three remaining FOMC meetings beginning next week. Tech and financial heavyweights led the advance, with Shopify up 1.7% and Brookfield rising 2.2%, more than offsetting pressure from commodity names as oil and gold retreated.