FX.co ★ TSX Rebounds on Tuesday

The S&P/TSX Composite Index experienced a modest rise of approximately 0.2%, surpassing the 32,950 level on Tuesday, buoyed by gains in the commodity sector. Leading mining companies such as Barrick and Wheaton appreciated around 1%, as gold prices climbed over 1.5% following a session of profit-taking. In the energy sector, major players like Canadian Natural and Suncor posted gains of nearly 1% each, supported by an increase in oil prices. This growth reflects investor sentiment as they navigate the uncertainty surrounding a potential Russia-Ukraine peace agreement amid escalating geopolitical tensions in the Middle East. The TSX is on course to end the year with an impressive gain of nearly 29%, signaling its most robust annual performance since 2009, chiefly fueled by advancements in major banks and gold mining companies.