12.11.202514:51:17UTC+00TSX Aims at Fresh Record High

The S&P/TSX Composite Index increased by approximately 0.6% on Wednesday, reaching over 30,550 points as it approached record highs. Investor optimism was fueled by the potential resolution of the U.S. government shutdown, which bolstered market participation. The House is anticipated to vote soon to end the shutdown, a move expected to reinstate essential economic data releases that inform the Federal Reserve's decisions and mitigate a significant political concern. The technology and financial sectors were at the forefront of this upward momentum, with Constellation Software rising nearly 2%, Celestica advancing over 1.5%, and Shopify also showing substantial growth. Brookfield contributed to gains in the financial sector with an increase exceeding 1%. Notably, Orla Mining shares surged over 8% following a report of higher-than-expected quarterly profits, and Stingray Group exceeded revenue forecasts. However, declining oil prices constrained the gains for major energy producers, limiting the index's overall advance.