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Kingsbury Strikes Gold to Open Canada’s Medal Count

Canada's Mikael Kingsbury wins Olympic gold in men's dual moguls. Mikael Kingsbury has delivered a landmark moment for Team Canada, capturing the nation’s first gold medal of the Milan Cortina Olympics. The freestyle skiing superstar put down a commanding moguls run, blending speed, precision, and trademark control to secure the top spot. Already regarded as one of the greatest moguls athletes in history, Kingsbury added yet another highlight to his remarkable career. His victory energized the Canadian contingent and set a confident tone for the days ahead. As the flag rose behind him during the medal ceremony, Kingsbury’s performance stood as both a personal triumph and a powerful start to Canada’s Olympic campaign.
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TSX Surges to Record High, Notches Longest Winning Streak Since Early 2024

 

Canada’s main stock index, the S&P/TSX Composite, closed at a record high of 29,768.36 on Friday, capping off its seventh consecutive week of gains—the longest winning streak since April 2024.

The rally was fueled by strong performances in the materials sector, particularly gold mining stocks, which surged as bullion prices climbed. Barrick Gold led the charge with a 9.7% jump, while other miners like Kinross and Endeavour also posted solid gains.

Investor sentiment was buoyed by the Bank of Canada’s recent rate cut to 2.5%, its lowest in three years. The move signaled a shift toward supporting economic growth amid soft retail sales and lingering inflation concerns.

Despite weakness in energy stocks, which fell 2.2% due to declining oil prices, most sectors ended the week in the green. The TSX rose 1.65% over the week, adding 484.54 points, and has now climbed more than 10% over the past seven weeks.

With valuations reaching their highest levels since May 2021, market watchers are keeping a close eye on economic indicators and central bank policy as the TSX continues its upward momentum.


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