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TSX ends up 0.1% at 26,426.64

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Eclipses Monday's record closing high

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Energy adds 1.5% as oil settles 1.4% higher

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Uranium stocks rally, with Energy Fuels ( UUUU ) up 14.4%

(Updates at market close)

By Fergal Smith

June 3 (Reuters) - Canada's main stock index edged up to

a new record high on Tuesday, led by gains for the energy

sector, as oil prices climbed and uranium producers notched

gains.

The Toronto Stock Exchange's S&P/TSX composite index

ended up 37.68 points, or 0.1%, at 26,426.64,

eclipsing Monday's record closing high.

U.S. stock indexes also closed higher as investors awaited

possible negotiations between the United States and its trading

partners for more clarity on Washington's tariff plans.

"The TSX is a very attractive market right now for

investors," said Philip Petursson, chief investment strategist

at IG Wealth Management. "If you want to hedge some of the risks

that you see in the United States on the political side, the TSX

is well-positoned for that."

The Toronto market has benefited in recent months from

safe-haven demand for gold. The materials group, which includes

gold mining shares, accounts for 13% of the TSX's weighting,

while energy accounts for an even larger share, at 17%.

Energy added 1.5% on Tuesday as the price of oil

settled 1.4% higher at $63.41. Persistent geopolitical tensions

looked set to keep sanctions on both OPEC+ members Russia and

Iran in place for longer.

"Any time oil prices are up that's a significant positive

for the TSX," Petursson said.

Wildfires burning in Canada's oil-producing province of

Alberta have affected more than 344,000 barrels per day of oil

sands production, or about 7% of the country's overall crude oil

output, according to Reuters calculations.

Uranium stocks rose after social media platform operator

Meta Platforms ( META ) struck an agreement with Constellation

Energy ( CEG ) to keep one of the utility's reactors in Illinois

operating for 20 years. Shares of Energy Fuels Inc ( UUUU )

jumped 14.4%.

The utilities group also notched gains, rising 1.1%, with

Algonquin Power & Utilities Corp ( AQNB ) up 16%. Consumer

staples was a drag, falling 1.2%.