The S&P/TSX Composite Index inched up 0.2% to close at 33,197 on Tuesday, as strength in energy shares helped counter broader market weakness ahead of a key geopolitical deadline. The energy sector led gains, with Imperial Oil advancing 2.3% and Canadian Natural Resources up 1.5%, supported by higher crude prices after US military strikes on Iranian targets.
Financial heavyweights were relatively firm: RBC added 0.5% and TD Bank rose 1.1%, even as Scotiabank slipped 0.6% amid ongoing stagflation worries. Technology stocks remained a major drag on the benchmark, with Shopify down 1.4% and Constellation Software falling 2.6%.
Consumer discretionary and telecommunications names also came under pressure. Rogers Communications slid 3.5%, while Alimentation Couche-Tard eased 0.9%, as investors weighed the market implications of Tehran’s rejection of a US-mediated ceasefire proposal.
