26.02.202621:09:02UTC+00TSX Sees New Highs

Canada's S&P/TSX Composite Index gained 1.1% to close at a record high of 34,502 on Thursday, as strength in technology, gold, and financials offset weakness among major banks. In the banking sector, CIBC climbed 2.9% and TD Bank advanced 1.6% after both beat quarterly estimates, while RBC slipped 2.1% on mounting concerns over rising credit costs. Technology names were a key driver, with Shopify up 4.6% and Constellation Software surging 6%. Gold miners also lent support, as Agnico Eagle added 2.6% and Wheaton Precious Metals rose 2.3%. By contrast, energy heavyweights lagged, with Enbridge and Suncor each declining about 0.4% in the face of softer crude prices. In industrials, Stantec jumped 5.5%, while Celestica and Gildan Activewear dropped 5.2% and 3.1%, respectively, following weaker-than-expected data. Investors looked ahead to tomorrow’s GDP release.