Archive · 29 Jul 2026
TSX Hits Record High Led by Tech
The TSX, Canada's main stock index, reached a new record high on Tuesday.
This happened because investors moved their money from semiconductor stocks to tech and financial stocks.
Tech stocks, like Celestica and Constellation Software, did really well, while the materials sector, which includes gold mining, did not do as well.
Investors are now waiting for a decision from the Federal Reserve about interest rates, which could affect the market.
TSX Composite Index reached a record high of 35,749.70.
Tech sector rose by 5.1%, with Celestica up 9.5% and Constellation Software up 6.4%.
Financial sector gained 1.1% and consumer staples rose 2%.
Materials sector fell 1.6% due to a drop in gold prices.
Investors await the Federal Reserve's interest rate decision.
- Who
- Investors and market analysts
- What
- TSX Composite Index reached a record high
- When
- July 28
- Where
- Toronto, Canada
- Why
- Due to a rotation out of semiconductor stocks into tech and financial sectors
Tech and Financial Growth
Materials Sector Decline
Sector Performance
Tech and Financial Growth
Technology and financial sectors led the TSX to a record high, with tech rising 5.1% and financials up 1.1%.
Materials Sector Decline
The materials group, including metal mining shares, fell 1.6% due to a drop in gold prices.
- TSX Composite Index
- 35,749.70
- Tech Sector Gain
- 5.1%
- Financial Sector Gain
- 1.1%
- Materials Sector Loss
- 1.6%
- Celestica Stock Gain
- 9.5%
- Constellation Software Gain
- 6.4%
- Federal Reserve Decision
- Awaiting interest rate decision