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TSX Hits Record High on Technology Boost

  • The TSX Composite Index hit a record high, boosted by technology and mining shares while investors monitored the latest U.S. tariff threats against the EU, Mexico, and Canada.
  • Canadian dollar slightly strengthened, U.S. President Trump imposed tariffs, excluding goods under the USMCA trade deal, and technology stocks rose with Bitfarms amidst a record-breaking day for bitcoin.
  • Industrial stocks like Thomson Reuters reached all-time highs, mining shares also surged, and domestic trade data showed a modest wholesale trade growth in May.
  • On Wall Street, stocks were stable despite tariff concerns, with investors anticipating upcoming second-quarter earnings reports and monitoring inflation data this week.

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