The S&P/TSX Composite Index rose 0.4% on Tuesday to close at 34,291, lifted primarily by gains in energy and banking shares. Oil prices moved higher after renewed tensions between Iran and the United States over a proposed peace framework reignited concerns about supply disruptions. In the energy sector, Canadian Natural advanced 4.1%, Imperial Oil climbed 2.6%, and Cenovus Energy added 3.2%.
Financials were also stronger. Royal Bank of Canada gained 1.0% and TD Bank rose 0.8%, helping to offset declines in Bank of Montreal (down 0.2%) and Brookfield (down 0.5%). BMO additionally announced an agreement to sell its transportation and vendor finance businesses to Stonepeak.
In contrast, gold-related names weakened as a firmer US dollar weighed on the outlook for US interest rates. Barrick slipped 2.4%, while Wheaton Precious Metals lost 0.5%.
Elsewhere, Chemtrade Logistics tumbled 9.8% following disappointing quarterly results, and Organigram plunged 14.4% on weaker net revenue. Constellation Software (down 0.4%) and Franco-Nevada (down 0.2%) are scheduled to report their Q1 2026 earnings after the market close.
