04:18 PM EDT, 09/30/2025 (MT Newswires) -- The Toronto Stock Exchange rallied late and eked out a second successive record close Tuesday, its first ever above the 30,000 mark, as market participants here continue to see enough reasons for investing in Canadian assets even amid the temptation for some profit taking and as U.S. President Donald Trump returns to his negative rhetoric around Canada's sovereignty and economy.

Even with commodity prices mixed, the resources heavy S&P/TSX Composite Index still finished the session up 50.90 points or near 0.2% at 30,022.81 with sectors mixed. The Battery Metals Index gained 4%, but other sectors rose by less than 1%. Among decliners, Health Care was down 4.15% and Energy down 1.4%.

In recent weeks Canadian investors took advantage of there being less rhetoric on Canada from a distracted Trump, pushing the TSX to a series of record closes. They appear to have be little fazed as Trump today returned to his talk of Canada becoming part of the United States during a speech to military leaders on Tuesday. Also, Trump on Monday night imposed a new tariff on imports of softwood from Canada and other countries, effective Oct. 14.

Adding to today's negative vibe, West Texas Intermediate crude oil closed lower for a second day Tuesday, falling to a three-week low as the market focuses on supply hikes that are likely to raise production above demand. WTI oil for November delivery closed down US$1.08 to US$62.37 per barrel, the lowest since Sept. 5, while November Brent crude was last seen down US$0.90 to US$67.07.

But helping to limit losses, gold was trading at a fresh record high late afternoon Tuesday on a weaker dollar and as concerns over a slowing U.S. economy and a likely partial shutdown of the U.S. government coming at midnight tonight continue to support the metal. Gold for December delivery was up US$31.80 to US$3,887.00 per ounce, up from a day-prior record close.

On the subject of precious metals, Rosenberg Research, in its latest update on the Rosie Fund which tracks its highest conviction calls and is dedicated to conservative investors, said it had taken some or its "immense" winnings in the precious metals space in a move to rebalance, but also to gain a toehold in one alternative area it has not been exposed to, but has "tremendous future upside potential". It has moved in to the critical minerals sector, into the VanEck Rare Earth and Strategic Metals ETF ( REMX ), with the REMX ticker.

So, the Fund said, it has moved around -6 points out of its total gold and silver holdings and into the rare earths universe, "where underlying prices have corrected nicely and having formed a base to work off of". Rosenberg Research is set to publish a 'deep dive report' on its rationale.