TSX Rebounds Toward Record Territory


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The S&P/TSX Composite Index climbed about 0.7% on Wednesday to trade above 33,100, edging back toward record highs as strength in commodity and financial shares pushed the benchmark closer to peak levels. Gold prices advanced ahead of the release of the US Federal Reserve’s meeting minutes, bolstering mining names including Agnico Eagle (up 1.4%), Barrick Gold (up 1.8%), Wheaton Precious Metals (up 1.9%), and Franco-Nevada (up 1.2%). Energy stocks also firmed as crude prices recovered, with Canadian Natural Resources up 1.5%, Suncor gaining 1.2%, Imperial Oil rising 1.2%, and Cenovus adding 2.4%. The big banks supported the broader move higher, with RBC up 1.1%, TD up 0.8%, and BMO up 1%, underscoring the index’s resilience. Elsewhere, Ritchie Bros. jumped 7%, while Industrial Alliance slid more than 6% following their earnings releases. The overall advance reflects a renewed upswing in commodities and stable domestic rate expectations after softer inflation data earlier in the week.




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