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Canada stocks rise 0.66% as energy, banks lead gains

S&P/TSX hits record high on Tuesday as Financials, Diversified Materials and IT sectors advance. Energy Fuels, Bank of Nova Scotia and Southern Cross Gold lead gains.

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Priya Anand · Equities & Earnings Desk · 30 Aug 2026 · 13:30 · 1 min read
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Canada stocks rise 0.66% as energy, banks lead gains

Canadian equities closed higher on Tuesday, with the S&P/TSX Composite Index advancing 0.66% to set a new all-time record in Toronto.

Gains were broad-based across sectors, led by Financials, Diversified Materials and Information Technology. Advancing stocks outnumbered decliners by 505 to 440, with 83 issues unchanged.

Energy Fuels Inc. led the advance, surging 7.13% to close at C$22.09, while Bank of Nova Scotia added 7.02% to finish at C$128.73, both reaching historic peaks. Southern Cross Gold Consolidated Ltd climbed 6.48% to C$12.98, also setting a new high.

On the downside, Imperial Oil Ltd fell 4.20% to C$181.84, Cenovus Energy Inc declined 3.97% to C$42.80 and Thomson Reuters Corp dropped 3.97% to C$144.24.

The S&P/TSX 60 VIX volatility index decreased 4.30% to 12.90, marking a one-month low.

Commodities showed mixed performance, with gold futures for December delivery rising 0.46% to $4,719.35 per troy ounce. Crude oil futures for October delivery fell 5.13% to $80.65 per barrel, while Brent crude for November delivery declined 5.57% to $85.50 per barrel.

The Canadian dollar traded flat against the U.S. dollar at 0.72, while the U.S. Dollar Index futures increased 0.11% to 98.82. The Canadian dollar also remained steady versus the euro at 0.62.

The session concluded at 17:30 ET on August 25, 2026.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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