Canada: TSX Renews Historic High.
The S&P/TSX Composite closed at a record 33,818 on Friday, after adding 0.7% to secure a weekly gain of over 2% after the US Supreme Court struck down President Trump's global tariffs. The ruling triggered a relief rally for trade-exposed firms, with Constellation Software and industrial leaders gaining over 3%, while Shopify rose 1.9%. Mining stocks led the charge as Lundin Mining soared 10.9% on upbeat results, and Wheaton Precious Metals jumped 3.3%. Financials also finished strong. BMO and Royal Bank added around 1% to outweigh concerns over a soft 1.4% US GDP print and sticky inflation. Conversely, energy producers like Suncor and Imperial Oil fell around 2% as oil prices pared weekly gains despite a 9 million barrel drop in US inventories. The benchmark capped its best week since January as the removal of tariff uncertainty and a late-session surge in materials eclipsed the threat of a new 10% global levy announced by the White House shortly before the close.