The S&P/TSX Composite Index rose 1.2% on Tuesday to close at a record high of 35,170, rebounding after lagging U.S. equities in the previous session. Energy and mining stocks led the advance as oil prices remained elevated, even after easing from Monday’s spike, and gold prices edged higher.
In the energy sector, Canadian Natural gained 2.8%, Imperial Oil added 3%, and Cenovus climbed 4%. Among miners, Agnico Eagle advanced 1.3% and WPM was up 1.1%. Barrick shares rose 2% following reports that the company is weighing a London listing for its African operations, with options under consideration including an all-share deal involving UK-listed Endeavour Mining.
Cameco jumped 7% after agreeing to buy the remaining 5% stake held by a Japanese energy company in a uranium mine in northern Saskatchewan. At the same time, investors continued to track mixed signals over Iran’s willingness to pursue further negotiations with the United States.
