Canada’s benchmark S&P/TSX Composite Index advanced 0.66% to a record close on Tuesday, as gains in financials, materials and information technology offset weakness in energy and some defensive sectors.
The Toronto gauge closed at 23,456.20, extending a multi-week rally that has pushed the index to successive record highs. Advancing issues outpaced decliners by 505 to 440, with 83 stocks unchanged. The S&P/TSX 60 VIX, a measure of expected volatility, fell 4.30% to 12.90, its lowest level in a month.
Financials led sector gains, with the Bank of Nova Scotia rising 7.02% to an all-time high of 128.73. Energy Fuels Inc. surged 7.13% to 22.09, while Southern Cross Gold Consolidated Ltd added 6.48% to 12.98, both also reaching record levels.
Decliners included Imperial Oil Ltd, which dropped 4.20% to 181.84, Cenovus Energy Inc, which fell 3.97% to 42.80, and Thomson Reuters Corp, which shed 3.97% to 144.24.
Commodities showed mixed performance. Gold futures for December delivery rose 0.47% to $4,719.94 per troy ounce, while crude oil futures for October delivery fell 5.12% to $80.66 per barrel. Brent crude for November delivery declined 5.58% to $85.49 per barrel.
The Canadian dollar was little changed against the U.S. dollar, trading flat at 0.72, while the U.S. Dollar Index futures fell 0.12% to 98.81.
