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Gold Helps Canada's Stocks Benchmark Outshine the S&P 500

Gold Helps Canada's Stocks Benchmark Outshine the S&P 500

Bloomberg01-07-2025
By and Geoffrey Morgan
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Despite ongoing trade tensions and a weakening economy, Canada's main stocks benchmark outshone its US counterpart in the first half thanks to a record-breaking gold rally.
The S&P/TSX Composite Index climbed 8.6% for the year to June 30, higher than the S&P 500 's 5.5% advance over the same period. In US-dollar terms, the Toronto index was up 15%, mirroring the gains of other gold-heavy world indexes.
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