Canada's S&P/TSX Composite Index rose by 0.7% on Thursday, reaching a record intraday high. This marks a notable turnaround for the index, which had entered a correction period less than six weeks ago. The rise in Canadian stocks coincides with a recent political development, as the Liberal party's win has been linked to the market's upward momentum. Despite the index's strong performance, concerns remain about the broader health of the Canadian stock market. The number of operating companies listed on the TSX has nearly halved, a trend that poses challenges not only for Bay Street but for the Canadian economy as a whole.