TSX Rises as Banks and Energy Stocks Advance

The S&P/TSX Composite Index rose 0.9% to close at 35,984 on Tuesday as Canadian bond yields stabilized. The pause in the recent rally that had pushed yields to multi-year highs supported credit-sensitive sectors such as banking. RBC rose 1.3%, TD Bank gained 2.2%, BMO advanced 1.3%, and Scotiabank and CIBC added 1.8% each. Energy producers also advanced as oil prices erased earlier losses. Canadian Natural jumped 4.8%, Suncor rose 3.7%, Imperial Oil gained 4.5% and Cenovus advanced 4.2%. In technology, Shopify and Constellation Software rose 3% each amid gains in US hyperscalers, while Celestica fell 1.7%, tracking losses among chipmakers. Elsewhere, CSG acquired a 9.5% stake in MDA Space, becoming its largest shareholder; MDA gained 1.1%. Miners declined as gold prices fell, with Barrick down 1.4% and Agnico Eagle and WPM shedding 2.1% each.