31.10.202513:52:10UTC+00TSX Edges Higher on Friday

The S&P/TSX Composite Index experienced a modest increase of approximately 0.2%, surpassing the 30,250 level on Friday. This uptick was driven by robust performances in Wall Street's technology sector and a series of strong corporate earnings reports, as investors assessed the latest economic growth indicators from Canada. Among noteworthy performers, Shopify, a tech heavyweight, saw its shares rise over 2% due to positive forecasts from major US technology companies. Celestica outshone the index, soaring nearly 6% after it revised its guidance upwards. Canadian National Railway enjoyed a significant leap, ascending more than 5% following results that exceeded expectations. Despite these gains, overall advances were limited by declining commodity prices, as gold and copper fell due to a stronger US dollar, and oil prices softened in response to underwhelming Chinese economic data and increased global production, countering the impact of Western sanctions on Russian exports. On the international trade scene, Prime Minister Mark Carney engaged in discussions with China's President Xi Jinping to renew economic collaboration and reiterated commitments to double exports to non-US markets within the next ten years. Over the week, the Toronto Stock Exchange was poised for a slight decline of roughly 0.3%.