Toronto’s TSX soars to record high close, Wall Street surges on Trump news
TORONTO — The Toronto Stock Exchange’s main index and Wall Street indices all soared to record highs Friday, bolstered by news that U.S. President Donald Trump will soon reveal his tax policy.
On Bay Street, the S&P/TSX composite index advanced 111.82 points to 15,729.12, shattering a previous record close of 15,657.63 set on Sept. 3, 2014.
The index also set a new intraday record high, reaching 15,736.64 points earlier in the day. That surpassed the old intraday record of 15,685.13, also set on Sept. 3, 2014.
The growth was fuelled by the three largest sectors of the market — materials, financials and energy, said Allan Small, a senior adviser at Holliswealth.