financetom
World
financetom
/
World
/
CANADA STOCKS-Energy shares help lift TSX to near record closing high
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-Energy shares help lift TSX to near record closing high
Jun 10, 2025 2:02 PM

*

TSX ends up 0.2% at 26,426.31

*

Stops just short of record closing high

*

Energy rises 1.3%, with Cenvous up 2.4%

*

Materials is only major sector to end lower

(Updates at market close)

By Fergal Smith

June 10 (Reuters) - Canada's main stock index rose on

Tuesday, led by energy and consumer-related stocks, as investors

welcomed recent signs of economic resilience and potential

progress in U.S.-China trade talks .

The S&P/TSX composite index ended up 50.51 points,

or 0.2%, at 26,426.31, stopping just short of the record closing

high it posted on Friday.

"Markets are enjoying the moment," said Angelo Kourkafas,

senior investment strategist at Edward Jones, adding that

economies, particularly in the U.S., remain resilient, corporate

profits are rising and global trade tensions are easing.

U.S. Commerce Secretary Howard Lutnick said trade talks with

Chinese officials were going well and he hoped they would end on

Tuesday night, but said they could run into Wednesday.

The energy sector rose 1.3% even as the price of oil gave

back some recent gains, settling 0.5% lower at $64.98 a barrel.

Cenovus Energy ( CVE ) is in the process of ramping up

production at its Christina Lake oil sands site in Alberta after

shutting output due to wildfire risk in early June, its CEO

confirmed. Shares of Cenovus ended 2.4% higher.

Consumer staples added 1.7% and consumer discretionary was

up 1%.

The materials sector was the only one of 10 major sectors to

lose ground, falling 1.2% as the price of gold steadied

and copper prices dipped.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
RBC Capital Markets Notes Copper Equities as Best Tracked Asset Class in Past Week
RBC Capital Markets Notes Copper Equities as Best Tracked Asset Class in Past Week
Mar 10, 2026
11:02 AM EDT, 10/01/2025 (MT Newswires) -- RBC Capital Markets Tuesday said copper equities were its best tracked asset class this past week, up 6.4% week over week due to a number of factors. Higher copper prices, up 2.2% week over week, drove valuations higher given Freeport's disruption at Grasberg. The disruption is expected to take off about 200,000 tonnes...
GLOBAL MARKETS-Tech leads Asia share rally, gold near record high on Fed rate cut bets
GLOBAL MARKETS-Tech leads Asia share rally, gold near record high on Fed rate cut bets
Mar 10, 2026
* Two more Fed cuts expected this year after weak ADP jobs report * U.S. government shutdown lifts demand for safe-haven gold, bonds * Oil pauses 3-day slide on prospect of tighter Russia sanctions By Kevin Buckland TOKYO, Oct 2 (Reuters) - Tech shares rallied on Thursday, driving Asia stock indexes higher, while gold hovered near a record high and...
European Equities Traded in the US as American Depositary Receipts Surge  in Wednesday Trading
European Equities Traded in the US as American Depositary Receipts Surge in Wednesday Trading
Mar 10, 2026
11:00 AM EDT, 10/01/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts surged higher late Wednesday morning, climbing 1.42% to 1,583.79 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical company Cellectis ( CLLS ) and biotech firm Evaxion ( EVAX ) , which advanced nearly 15% and...
European Equities Traded in the US as American Depositary Receipts Track Lower in Thursday Trading
European Equities Traded in the US as American Depositary Receipts Track Lower in Thursday Trading
Mar 10, 2026
11:02 AM EDT, 10/02/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were trending lower late Thursday morning, declining 0.29% to 1,585.59 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical companies DBV Technologies ( DBVT ) and Genfit ( GNFT ) , which climbed 9.7% and 3.9%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved