TSX Climbs to Fresh Peak as Commodity Stocks Surge

2026-06-02 20:53 By Isabela Couto 1 min. read

The S&P/TSX Composite Index rose 1.2% to close at a record 35,170 on Tuesday, rebounding after underperforming US stocks in the previous session.

Energy and mining shares led gains as oil prices remained elevated despite retreating from Monday’s spike, while gold prices moved higher.

Canadian Natural rose 2.8%, Imperial Oil gained 3%, and Cenovus advanced 4%.

Among miners, Agnico Eagle added 1.3% and WPM gained 1.1%.

Barrick climbed 2% after reports that it is considering a London listing for its African business, with a potential all-share transaction involving UK-listed Endeavour Mining among the options under review.

Cameco surged 7% after agreeing to acquire a Japanese energy company's remaining 5% stake in a uranium mine in northern Saskatchewan.

Meanwhile, investors monitored conflicting signals regarding Iran's willingness to continue negotiations with the US.



News Stream
TSX Climbs to Fresh Peak as Commodity Stocks Surge
The S&P/TSX Composite Index rose 1.2% to close at a record 35,170 on Tuesday, rebounding after underperforming US stocks in the previous session. Energy and mining shares led gains as oil prices remained elevated despite retreating from Monday’s spike, while gold prices moved higher. Canadian Natural rose 2.8%, Imperial Oil gained 3%, and Cenovus advanced 4%. Among miners, Agnico Eagle added 1.3% and WPM gained 1.1%. Barrick climbed 2% after reports that it is considering a London listing for its African business, with a potential all-share transaction involving UK-listed Endeavour Mining among the options under review. Cameco surged 7% after agreeing to acquire a Japanese energy company's remaining 5% stake in a uranium mine in northern Saskatchewan. Meanwhile, investors monitored conflicting signals regarding Iran's willingness to continue negotiations with the US.
2026-06-02
TSX Climbs to Fresh Record
The S&P/TSX Composite Index rose 0.5% to trade near the 35,000 mark on Tuesday, reaching a record high after underperforming US stocks in the previous session. Energy and mining shares led gains as oil prices remained elevated despite retreating from Monday’s spike, while gold prices moved higher. Canadian Natural and Suncor added about 1%, benefiting from firm crude prices. Barrick gained nearly 1% after reports that it is considering a London listing for its African business, with a potential all-share transaction involving UK-listed Endeavour Mining among the options under review. On the geopolitical front, US President Donald Trump said talks with Iran were ongoing, although tensions between Israel and Lebanon continued to cloud prospects for a broader agreement and the eventual normalization of trade flows through the region.
2026-06-02
TSX Futures Up as Markets Monitor Middle East Developments
Futures tracking the S&P/TSX Composite Index edged up on Tuesday to pare its underperformance to US stocks from the previous session. US President Donald Trump said talks with Iran were ongoing, although friction between Israel and Lebanon continued to jeopardize an agreement and eventual resumption of trade from the region. Gold prices rose, supporting mining stocks. Investors also monitored reports that Barrick is considering a London listing for its African business, with a potential all-share transaction involving UK-listed Endeavour Mining among the options under review.
2026-06-02