The positive sentiment followed a hawkish tone from U.S. Federal Reserve when it raised interest rates earlier this week as well as hopes of a ceasefire to the war in Ukraine.
The S&P/TSX composite index was up 47.25 points to an all-time close of 21,818.47 after reaching an intraday record of 21,877.14. “When we consider the risks that are still around the market, and those would principally be the geopolitical risk coming from the war in Ukraine and the inflation risks that are falling out of that, there's still quite a bit of uncertainty ahead from the market.”
Locke said the tech sector, along with real estate development, were helped by an overnight announcement of support out of China stemming from policy changes there.
Some companies are fraud and should not be publicly traded anywhere.... tsx_tsxv