The Canadian stock market continues to set new historical highs, with Carney making concessions on Trump's tariff issue, and Powell's dovish signals providing support.

The S&P/TSX Composite Index in Canada closed up 0.99% at 28333.13 points. On the daily chart, it has been hitting continuous historical highs since May 15, with a cumulative increase of 1.53% this week. From Monday to Wednesday, it fluctuated narrowly at low levels, and Federal Reserve Chairman Powell's speech on Friday accelerated the upward trend. The Canadian small-cap index rose by 1.75% to 986.52 points, breaking the previous closing high of 970.18 points set on August 18. It has gained 2.29% this week. At the end of trading on Friday in North America, the yield on Canada's 10-year benchmark government bonds fell by 4.4 basis points to 3.435%, a 1.9 basis points drop for the week. The yield on the two-year Canadian bond fell by 4.4 basis points to 2.690%, a 2.6 basis points drop for the week; while the yield on the five-year Canadian bond fell by 4.7 basis points to 2.949%, a 2.9 basis points drop for the week.