US EditionS&P/TSX composite rises Friday amid strength in industrial stocks, U.S. markets up
- The S&P/TSX composite index rose by 74.45 points to close at 25,971.93 in Toronto on Friday, May 16, 2025.
- The increase was driven by gains in the industrial and financial sectors, alongside positive performance in U.S. Markets such as the Dow Jones and S&P 500 indexes.
- Oil prices fluctuated amid speculation about a possible U.S.-Iran nuclear agreement, while the Canadian dollar remained steady near 71.54 US cents.
- Vice-President Pierre-Benoit Gauthier noted Canadian stocks responded positively to oil price swings and that next week’s Consumer Price Index will be key for Bank of Canada’s rate decision.
- The market gains and upcoming inflation data suggest investors are watching for potential Bank of Canada interest rate cuts expected in early June.
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S&P/TSX composite rises Friday amid strength in industrial stocks, U.S. markets up
TORONTO — Canada's main stock index rose in Friday trading amid strength in industrial and financial stocks, while U.S. markets also gained. The S&P/TSX composite index was up 74.45 points at 25,971.93.
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