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Market Update: TSX Notches Fresh Record High
Canadas main stock index climbed for the second straight session on Friday, with the benchmark S&P/TSX composite notching a fresh record closing high above the 20,100 level and recording its third consecutive week of gains. The market continues to benefit from the upward momentum seen last week, with investors optimistic over the countrys economic recovery while concerns about rising inflation have taken a back seat. Recent data showed that Canadian industries operated at 81.7% of their production capacity in the first quarter of 2021, driven by gains in construction and mining, quarrying, and oil and gas extraction. [/s2If]
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