News & Insights

Stock markets in Canada and the U.S. reached new highs, powered by gains in energy and AI, respectively. 

Theresa Shutt, chief investment officer at Harbourfront Wealth Management, said themes around higher risk appetite driven by “AI fervour” helped lift the U.S. market. She said this was somewhat counterbalanced by lingering tensions between the U.S. and Iran and concerns that the market has risen too high.   

The S&P/TSX composite index was up 434.57 points at 35,169.46.

Read more: Canadian, U.S. stock markets notch new record highs amid continued AI boom | Business News | thecanadianpressnews.ca