Canada’s S&P/TSX Composite Index rose about 0.2% on Tuesday, moving back above the 33,200 level as markets attempted to recover from recent volatility driven by escalating tensions in the Middle East. Gold-mining stocks advanced sharply, helping offset a steep decline in oil prices, with Agnico Eagle, Barrick Gold, and Wheaton Precious Metals each gaining more than 1%.
Investors are rebalancing their portfolios after comments suggesting the conflict may be approaching a resolution, easing concerns over energy-driven inflation that had weighed on markets throughout the prior week. Major financial institutions, including National Bank of Canada, remain in focus following its announcement of an amendment to its share repurchase program, while market participants closely track upcoming economic data for signals on the future path of monetary policy.
The materials sector continues to be a key driver of sentiment, as investors weigh evolving geopolitical risks against demand for safe-haven assets.
