TSX Reverses Losses, Closes Higher

2026-03-24 20:06 By Felipe Alarcon 1 min. read

The S&P/TSX Composite Index reversed its earlier decline to close 0.2% higher at 31,942 on Tuesday as a late-session recovery in major banking and energy stocks offset broader geopolitical uncertainty.

Suncor Energy and Imperial Oil led the sector gains with advances of 1.8% and 2.2% respectively while Cenovus Energy jumped 3% as Brent crude climbed back above $104 per barrel amid resurgent supply concerns.

Financials also found late support as Royal Bank of Canada rose 0.6% and TD Bank added 0.3% countering the pressure from rising bond yields.

However tech and consumer stocks faced significant headwinds with Shopify falling 3.8% and Dollarama plunging 9.6% alongside a 3.8% drop in Constellation Software.

Mining equities remained a bright spot as Nutrien surged 5.7% and Franco-Nevada added 2.2% despite earlier volatility.



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