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CANADA STOCKS-Energy shares help lift TSX to near record closing high
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CANADA STOCKS-Energy shares help lift TSX to near record closing high
Jun 10, 2025 2:02 PM

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TSX ends up 0.2% at 26,426.31

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Stops just short of record closing high

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Energy rises 1.3%, with Cenvous up 2.4%

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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.

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