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flag Canada’s stock market hit a record high as gold mining shares surged amid global trade tensions and safe-haven demand.

flag Canada’s main stock index hit a record high of 33,090.96, rising 0.2%, fueled by surging gold mining shares amid global trade tensions following U.S. President Donald Trump’s threat of new tariffs on European imports. flag Safe-haven demand pushed gold to a record, boosting the materials sector, while the Canadian dollar strengthened slightly. flag Inflation rose 2.4% year-over-year in December, driven by a prior tax break, though core inflation continued cooling. flag U.S. markets were closed for Martin Luther King Jr. Day, and trading volumes were light.

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