24.04.202520:02:21UTC+00TSX Advances for 3rd Consecutive Session

The S&P/TSX Composite Index experienced a 1% increase, closing at 24,728 on Thursday, marking its third successive day of gains. This rise was driven by investors evaluating the Canadian corporate landscape amid the specter of upcoming U.S. trade restrictions, while drawing encouragement from robust performance on Wall Street. President Trump’s commitment that Chinese tariffs would not remain at the elevated level of 145% provided some reassurance. However, this optimism was tempered by Treasury Secretary Scott Bessent's reminder that formal negotiations are yet to commence, alongside China's demand for complete tariff rollbacks before any discussions can take place. Domestically, Cargojet spearheaded the upward movement with a significant 15.3% increase, following its strong quarterly earnings report. Furthermore, technology titans such as Shopify, Constellation Software, Celestica, and Open Text each saw gains ranging from 2.5% to 4.3%, highlighting investors' enthusiasm for sectors focused on growth.