Toronto Stock Exchange Hits Record High, Closes Above 23,000 Points, Gains 5.65% in July

The Toronto Stock Exchange (TSX) experienced a significant surge, with the S&P/TSX Composite Index rising 81.88 points, or 0.36%, to 22,906.55 at the open. The index touched a record intraday high of 23,027.84, up as much as 0.9% during the day, driven by gains in energy stocks. By the end of the trading day, the TSX closed above 23,000 points for the first time, marking a new record high and surpassing its previous peak on July 16. The index advanced 5.65% in July, achieving its largest monthly gain since November. Investors are increasingly rotating into value, commodity, and low-volatility stocks, with the US Federal Reserve's decision in focus.