Canadian Stocks Rise to New Record High: Banks, Tech, and Energy Lead Gains

The TSX Composite Index reached a new record high of 31,499.55, driven by gains in tech, financials, and energy sectors. Major Canadian banks such as Toronto-Dominion Bank, Bank of Montreal, and Canadian Imperial Bank of Commerce reported strong quarterly earnings. Tech stock Descartes Systems Group surged 11.8% after a sharp 11% jump in revenues. Healthcare and consumer staples stocks also moved up sharply.