* 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.