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TSX Soars to Record Highs, Capping Off Jaw-Dropping Year
Canadian stocks achieved a record-breaking year, with the S\&P/TSX Composite Index surging 28% and notching 63 new closing highs, marking its best performance since 2009's 31% rebound. This rally, driven primarily by mining stocks, which nearly doubled, and financials, which jumped over 30%, defied early-year anxieties stemming from trade tensions and political uncertainty. The market's resilience underscores the strength of Canada's resource and financial sectors in navigating global economic shifts.
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