The S&P?TSX?Composite climbed 0.2% to close at 27?364 on Tuesday, edging closer to all-time highs as a surge in materials shares more than offset technology’s retreat.
Gold’s rally lifted Agnico?Eagle, Wheaton?Precious?Metals, Barrick?Gold and Franco-Nevada by 1.3% ?to?4.2% , while copper’s near-record price drove Ivanhoe?Mines and First?Quantum up 7%?and 2.7%.
Shopify’s 4.2% slide capped the market’s gains, even as Canadian?National?Railway traded higher ahead of its after-hours earnings release.
Meanwhile, investors are dissecting evolving trade risks, from Treasury Secretary Bessent’s planned talks with Chinese officials, which may extend the August?12 deadline, to White House hints at new tariff actions or pre-August?1 trade pacts, adding a geopolitical undercurrent to today’s market moves.
