Canada Stock Market Index (TSX)

Canadian shares ended the first trading week of May on a high note, with the benchmark S&P/TSX Composite notching a fresh record high around the 19,470 level, led by gains in the healthcare sector, while a rally in gold prices pushed shares of precious metal miners deep into the green. Meanwhile, the Canadian economy shed more jobs than expected in April, and the jobless rate rose to 8.1%, above market expectations of 7.8%. Also, the Ivey Purchasing Managers Index dropped to 60.6 from a near all-time high of 72.9, pointing to a slowdown in economic activity growth. Looking for how it performed this week, the index is up almost 2%. Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all time high of 19491.51 in May of 2021. The S&P/TSX is a major stock market index which tracks the performance of largest companies by market capitalization on the Toronto Stock Exchange in Canada. It is a free float market capitalization weighted index. The index covers approximately 95 percent of the Canadian equities market. The S&P/Toronto Stock Exchange Composite Index has a base value of CAD1000 as of January 1, 1975.