The S&P/TSX Composite Index climbed 1.4% to close at 24,553 on Friday, trimming weekly losses to 0.8% and rebounding from four-month lows as encouraging economic data and the prospect of a policy turnaround lifted investor confidence. Manufacturing sales rose 3% year-on-year in January and wholesale sales increased 2.8%, underscoring economic resilience amid persistent U.S. trade tensions. Additional support came with the impending swearing-in of former central banker Mark Carney as prime minister, expected to counteract U.S. tariff threats on Canadian goods. The recovery was led by tech and financial heavyweights, with e-commerce leader Shopify surging 4.3% to recover from sharp losses, and with Constellation Software and Celestica gaining 1.5% and 5.5% respectively. Additionally, major financial institutions including RBC, TD Bank, Brookfield, and BMO recorded gains between 1.6% and 3.2%.
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