georgemiller
Publish Date: Wed, 22 Jan 2025, 12:18 PM

Jan 22 (Reuters) - Canada's main stock index extended its recent winning streak on Wednesday, led by gains for industrial and technology shares, as upbeat U.S. corporate earnings helped boost investor sentiment globally.
The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) , opens new tab ended up 29.87 points, or 0.1% at 25,311.50, its highest closing level since Dec. 12 and its seventh straight day of gains.
That was the longest daily winning streak since August.
Wall Street's main indexes also rose as investors cheered corporate earnings and President Donald Trump's multi-billion dollar support to bolster AI infrastructure.
"Investors around the world have continued to pile on the equity market bandwagon," said Colin Cieszynski, chief market strategist at SIA Wealth Management.
The industrials sector rose 1.3%, helped by gains for railroad shares, while technology also added 1.3%.
Shares of electronic equipment firm Celestica Inc (CLS.TO) , opens new tab rose 4.7%.
The utilities group was a drag, falling 1.1%, as bond yields rose. Energy dipped 0.2% as the price of oil settled 0.5% lower at $75.44 a barrel.
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https://www.reuters.com/markets/tsx-futures-rise-with-higher-commodity-prices-2025-01-22/