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Story summary
- Canada’s S&P/TSX Composite Index rose to a record high of 30,776.09 as mining and energy stocks led gains and gold prices surpassed $4,200 an ounce.
- Positive earnings reports from major U.S. banks boosted investor confidence in the Canadian financial sector.
- Federal Reserve Chair Jerome Powell hinted at possible rate cuts, with traders pricing in a 60% chance of a Bank of Canada cut.
