TSX Closer: The Index Rises as Energy Shares Jump, Strong Trade Data Signals Q2 Growth Tailwind

The Toronto Stock Exchange rose on Tuesday as a jump in energy issues and gains across most sectors outweighed weakness in mining stocks, while stronger-than-expected Canadian trade data offered a positive signal for second-quarter economic growth. The S&P/TSX Composite Index closed up 60.27 points, or 0.17%, to 35,272.59, with a majority of sectors closing higher. Energy led gainers, up 3.03%, with Health Care, Industrials, Information and Technology, Financial, Utilities, and Telecom, up 0.17%, 0.59%, 0.88%, 0.35%, 0.68%, and 1.45%, respectively. Battery Metals Index closed down 1.73%, while Base Metals ended the day down 4.38%. In commodities, gold traded lower on Tuesday as the dollar and bond yields rose, with the metal remaining rangebound even as inflation worries eased with lower energy prices. The precious metal for August delivery was last seen down $9.70, or 0.2%, to $4,157.80 per ounce. Meanwhile, West Texas Intermediate (WTI) crude oil jumped on Tuesday following fresh Iranian attacks on ships moving through the Strait of Hormuz. WTI crude oil for August delivery closed up 2.8% to settle at $70.44 per barrel, while September Brent oil was last seen up 3.1% to.