Record highs are one thing, 30,000 is another.

The S&P/TSX Composite Index passed this threshold on Tuesday , underscoring a near non-stop rally since April as everything from banks and tech firms to gold producers and retailers sailed through lingering economic concerns.

The Canadian benchmark has gained 35 per cent from its recent intraday low on April 7 – when stocks worldwide were tumbling over the introduction of steep U.S. tariffs that made little distinction between friend and foe and threatened to drag down the global economy.

It has outperformed the S&P 500, the U.S. benchmark, by eight percentage points this year.

“Headlines and rhetoric just scared everybody, and they forgot how resilient Canadian companies are,” Brian Belski, chief investment strategist at BMO Capital Mar

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