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Market Update: TSX Extends Record Rally
Canadas main stock index climbed for the second straight session on Wednesday, with the benchmark S&P/TSX composite closing above 19,700 for the first time, driven by gains in the healthcare and energy sectors. Risk appetite showed signs of returning to markets as investors refocused on a vaccine and stimulus-driven global economic recovery, with value-oriented stocks reasserting their dominance once again. Still, concerns about higher inflation and the possibility of an early than expected taper have been capping some gains. BlackBerry Ltd and Village Farms International Inc were among the biggest gainers on the index, up 10.7% and 8.8%, respectively. [/s2If]
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