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TSX Surges to New Heights, Extending Winning Streak to Nine Days

The Toronto Stock Exchange (TSX) continues its impressive rally, closing at yet another record high as its winning streak stretches to nine consecutive trading days. The benchmark S&P/TSX Composite Index  rose 0.3% , adding 74.4 points  to settle at 25,971.9 .  This latest surge marks a 2.4% weekly gain , reinforcing investor optimism amid strong performances across multiple sectors. Healthcare led the charge with a 1.2% increase , while Basic Materials saw a slight dip of 0.2% .  Market analysts attribute the sustained momentum to robust corporate earnings, stable commodity prices, and easing trade tensions . With 74% of TSX-listed stocks closing higher , the bullish sentiment remains strong, fueling expectations for continued growth in the coming weeks.  Investors will be watching closely to see if the TSX can maintain its upward trajectory and extend its streak into double digits.
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Canada's Inflation Rate Cools to 1.9% in November


Canada's annual inflation rate slowed to 1.9% in November, down from 2% in October. This slight decrease was driven by a broad-based slowdown in prices, particularly in travel tours and mortgage interest costs. The consumer price index remained unchanged on a monthly basis.

Economists had anticipated the inflation rate to hold steady at 2%, but the data showed a more significant deceleration. The Bank of Canada, which has been working to control inflation, will consider this data in its upcoming rate decision on January 29.

The cooling inflation rate is a positive sign for the Canadian economy, which has been facing challenges this year. The central bank has already cut interest rates by 175 basis points since June to stimulate growth.



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