TSX reaches three-week high on commodity sector gains
The TSX hit a three-week high as oil and metal prices rose amid Middle East tensions. Strong earnings from Barrick Mining and Cronos supported market gains.
Canada stocks rose 0.18% to 34,138.88 on Monday as surging commodity prices pushed the index to a three-week high. The S&P/TSX composite index reached its highest level since April 21, driven by gains in the materials and energy sectors. Investors are prioritizing corporate earnings growth over geopolitical volatility as the 10-week-old Middle East conflict persists.
### Commodity Gains Drive TSX Outperformance Materials and gold sectors both climbed over 3% during the session. Energy stocks rose 1.7% after President Donald Trump rejected a peace proposal from Iran, fueling fears of a prolonged shipping paralysis in the Strait of Hormuz.
