TSX hits another record is the sixth weekly profit on the optimism of the trade

* TSX ends 0.3% at 25,971.93 * Embiddings Thursday’s record high * Meg Energy Biggest Winer after takeover -bid * Investors were carefully hit by Nivedita Balu on May 16 -Canada’s main stock index on Friday, which was a sixth consecutive week, because they were worried about a global trade war over the weekend. The Toronto Stock Exchange’s S&P/TSX compound index closed 74.45 points, or 0.29%, at 25,971.93. The index hit 25.992.89 on Friday, with the record of Thursday. For the week, the index rose 2.5%. The profits of the index have detected those of Wall Street’s most important indices, which rose for the fifth consecutive day. This week, the 90-day break in the US China tariff dispute, along with the recent US Commerce Agreement, caused optimism for future US trading transactions and help facilitates the recession-coming. “There is a lot of optimism at present. The markets are being driven by momentum,” says Michael Dehal, senior portfolio manager at Dehal Investment Partners of Raymond James. “But when you look at the sentiment of how people feel, it doesn’t really fit the momentum. I think people are still a little careful, and still question this rally. ‘ Data showed that the US consumer sentiment fell further in May, while one year of inflation expectations rose. US President Donald Trump said on Friday that US officials will send letters to countries in the coming weeks, setting out the costs associated with cases in the United States, although he did not provide additional details. On TSX, Meg Energy’s 18.7%increase, making it the biggest winer of the day, after rival Strathcona announced plans to start a hostile takeover of Canadian Oil and Gas Canadian Oil and Gas Canadian. The energy index achieved 0.54%. Healthcare shares increased by 3%, powered by a 9.7% profit in the Cannabis business Tilray Brands. This article was generated from an automated news agency feed without edits to text.