In New York, the Dow Jones industrial average was up 90.42 points at 36,488.63, an all-time high.
Colin Cieszynski, chief market strategist at SIA Wealth Management, said that appears to be what’s happening this year, as the S&P/TSX has posted a solid streak of gains over the last five trading sessions.
Once the Santa Claus rally is in the rear window, Cieszynski said, it will be time to start watching in the new year for fourth-quarter earnings releases from top companies.