TSX soars to record high close.
Canada suggests a brighter economic outlook as it main stock index powered to a record high on Friday.
On Bay Street, the S&P/TSX composite index advanced 118.82 points to 15,729.12, shattering a previous record close of 15,657 on Sept. 3, 2014.
The growth was fueled by stocks in the energy, materials and financial sectors.
Oil prices climbed following report of OPEC members delivered the output cuts they promised after the Paris-based International Energy Agency lifted its demand forecast.
The TSX was also buoyed in general by strong Canadian jobs numbers released Friday that show the job market is on its best six-month run in 15 years.
A long-awaited promise from Trump on Thursday that he’ll be revealing the business-friendly tax plan the markets have been waiting for incited on the financial sector where stocks rose.
“No one wants to miss a large pop when that news does come out,” said Uriel Cohen, founder of Alpine Global in New York.
The Dow Jones industrial average rose 96.97 points to 20,269.37 and the S&P 500 gained 8.23 points to 2,316.10. The Nasdaq composite index added 18.95 points to 5,734.13.
The Canadian dollar added 0.32 of a U.S. cent to end the week at 76.42 cents US.