* TSX ends 0.1% higher at 25,854.01, * TD Bank earns 3.2% on earnings beat * Finance and technology both add 0.6% * Materials Group drops 0.8% as Gold Pulls return (updates at the market nearby) by Fergal Smith May 22 (Reuters) – Canada’s main index climbed higher on Thursday than the Technology have bank’s quarterly results. The Toronto Stock Exchange’s S&P/TSX composite index finished 14.84 points, or 0.1%, at 25,854.01, with the market near the record high that he relieved earlier this week on the global trade uncertainty. US shares have changed little, as Treasury returns have alleviated recent highlights after the home of representatives approved the US President Donald Trump’s tax and spending account. “If we don’t say we’re out of the forest … but in Canada, we’re in a very low rate environment, inflation has dropped dramatically, you have quite decent earnings,” said Baskin Wealth Management investment officer Barry Schwartz. TD Bank reported better than expected earnings for the second quarter, powered by strength at its wholesale bank arm, and said it would dismiss 2% of its workforce to cut costs and scale its digital and AI investments. Shares of Canada’s second largest lend shooter increased by 3.2%, while the heavily weighted financial sector ended 0.6% higher. Recent strength in bank shares is a sign that investors are not expecting a deep economic slowdown, Schwartz said. “The smart money says if there is a recession, it can be a technical one, with no real impact on the economy and a brighter days ahead,” Schwartz added. Technology has also risen 0.6%, while the materials group, which includes fertilizer companies and metal mining stocks, has finished 0.8% lower, as gold has returned some of its recent profits. (Reporting by Fergal Smith in Toronto and Sanchayaita Roy in Bengaluru; editing by Sahal Muhammad, Leroy Leo and Rod Nickel)
TSX ends higher as td bank earnings estimates beat
