The S&P/TSX Composite Index was nearly 0.5% higher to hover above the 25,150 mark on Tuesday, a fresh record, benefiting from a strong session in Wall Street and optimism for Toronto’s heavyweight financial sector.
Scotiabank shares rose over 1% after the bank reported mixed Q2 earnings with missed earnings being outweighed by the announcement of a 20 million share buyback.
Other banks were also higher ahead of their earnings this week, with RBC and TD Bank adding close to 0.5% each.
In the meantime, equities in riskier sectors extended their gains as the delay of tariffs against the EU by US President Trump trimmed worries of a trade war.
Shopify rose over 2% to set the pace for banks.
On the other hand, gold miners edged lower, with Agnico Eagle inching below the flatline.
