Canadian stocks continued to climb for a second consecutive session on Tuesday as investors welcomed signs of de-escalation in geopolitical tensions and grew more optimistic that the U.S. Federal Reserve may consider a rate cut later this year. The S&P/TSX Composite Index rose by 109 points, or 0.4%, to settle at 26,719 — a fresh all-time high.
While falling oil, gas, and gold prices pressured commodity-heavy sectors like energy and materials, gains in technology, consumer, and financials kept the TSX index in record-setting territory.
Top TSX Composite movers and active stocks
Lightspeed Commerce (TSX:LSPD) was the top-performing TSX stock for the day, with its shares surging by 7% to $16.16 apiece. The rally in LSPD stock followed the Montréal-based firm’s announcement of a strategic partnership with the hospitality technology company Whoosh to improve operations for private golf clubs.
The Lightspeed-Whoosh integration…
