The S&P/TSX Composite added 0.6% to close at a fresh record of 29,959 on Monday, extending a seven week winning run as markets welcomed the Bank of Canada’s 25bp cut to support the domestic economy. Major miners underpinned the advance with Barrick Mining leading the pack and surging 7.4% as bullion prices rose. Mega cap financial, tech and energy names traded firmly in the green with RBC up 1.2%, Shopify up 2.7%, TD Bank up 1.1% and Canadian Natural Resources up 1.9%. Statistics Canada reported the Industrial Product Price Index rose 4.0% year on year in August and the raw materials price index increased 3.2% year on year, underscoring persistent input cost pressures for producers.