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CANADA STOCKS-TSX surpasses 35,000 mark for first time as commodity prices rise
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CANADA STOCKS-TSX surpasses 35,000 mark for first time as commodity prices rise
Jun 2, 2026 2:18 PM

* TSX ends up 1.3% at 35,169.46

* Eclipses May 25 record closing high

* Energy, materials and financials lead gains

* Canada seeks to renew USMCA

(Updates at market close)

By Fergal Smith

June 2 (Reuters) - Canada's main stock index rose to a

record high on Tuesday as higher commodity prices boosted

resource shares and after Canada sought to renew a continental

trade pact that has helped shield its goods from U.S. tariffs.

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

ended up 434.57 points, or 1.3%, at 35,169.46,

eclipsing the record closing high of 34,830.89 it posted on May

25.

* "It's blasted through 35,000 and kept on going," said

Colin Cieszynski, chief market strategist at SIA Wealth

Management. "That's really encouraging."

* "All the big sectors are running and ideally that's what

you want in Canada," Cieszynski said.

* The energy sector rose 2.4% as the price of oil

settled 1.7% higher at $93.76 a barrel. The oil market

waited for news on the Iran war, with Tehran reviewing a

proposed agreement with the U.S. to halt the conflict.

* The materials group, which includes metal

mining shares, added 1.6% as copper prices climbed, and

financials were up 1.6%.

* Combined, financials, materials and energy account for 69%

of the TSX's market weighting.

* Shares of electronic equipment company Celestica Inc ( CLS )

rose nearly 11% to a record high, which help lift the

technology sector by 0.7%.

* Of the ten major sectors, just consumer staples

and healthcare ended lower.

* Canada sent a letter to the United States and Mexico

outlining its recommendations to renew the United

States-Mexico-Canada Agreement for 16 years while seeking

parallel talks on sectoral tariffs ahead of a meeting between

Canadian and U.S. trade negotiators later in the day.

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