Canadian Stock Market Hits Record as Investors Eye a Rate Cut
Posted on Aug 30, 2025 / World
The Toronto Stock Exchange closed at a record high today, led by rising gold shares and growing expectations of an interest rate cut by the Bank of Canada. The gains come even as the Canadian economy slumped in Q2, showing the disconnect between market sentiment and fundamentals. The S&P/TSX index rose nearly 0.5%, marking its fourth month of consecutive gains. Analysts say investors are betting on central bank easing to help fuel a rebound. Export wobbles are being offset by strong domestic consumption and commodity sector strength. It’s a balancing act between cautious optimism and economic headwinds.
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