FX.co ★ TSX Rises Toward Record Highs

On Tuesday, the S&P/TSX Composite Index increased by approximately 0.4%, surpassing the 30,700 mark. This gain built on the previous day's 1.5% uptick, driven by rising expectations of a US interest rate cut in December, which bolstered the index towards near-record levels. Canadian Pacific and Canadian National Railway stood out among the top performers, each seeing gains of just over 1%, while Scotiabank and Manulife saw similar increases around 1%. Agnico Eagle also demonstrated notable growth with comparable advancements. In corporate developments, Barrick Gold reached a settlement of 244 billion CFA francs, equating to around $430 million, to resolve issues regarding the Loulo Gounkoto gold complex. Additionally, Cameco's shares increased by more than 1% as Canada and India advanced towards concluding a uranium export deal valued at approximately $2.8 billion, which supported sector-specific flows in the market.