TSX Hits Record Close on Middle East Peace Hopes

TSX Hits Record Close on Middle East Peace Hopes

Canada's main stock index rose to a record closing high on Monday as the prospect of a deal to end the war in the Middle East boosted investor sentiment, with technology and metal mining shares among the biggest gainers.

Index Performance

The S&P/TSX composite index ended up 359.53 points, or 1%, at 34,830.89, eclipsing the record closing high posted on March 2. The TSX has advanced 9.8% since the start of the year after advancing 28.2% in 2025.

Sector Movements

The materials sector, which includes metal mining shares, rose 4.4% as gold prices climbed. Shares of Hudbay Minerals rose 8.9% and First Quantum Minerals gained 8.4%. The technology sector added 2.1% and financials ended 0.9% higher.

Energy was the only major sector to end lower, losing 3.4%, as oil prices declined 6.5%.

Expert Insight

Brian Madden, chief investment officer at First Avenue Investment Counsel, said: 'Even a non-zero chance the conflict ends is enough to push stocks higher and oil lower.'