TSX reaches three-week high as energy sector leads gains
Canada's main stock index rose 0.4% to a three-week high as stalled U.S.-Iran peace talks pushed oil prices above $102 a barrel. Energy and materials sectors gained on commodity strength, while technology shares and Pet Valu Holdings fell following quarterly results.
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Canada's main stock index rose 0.4% to 34,290.73 on Tuesday as rising oil prices lifted energy shares. The S&P/TSX composite index reached its highest closing level since April 20. Investors are pivoting toward commodity stocks to hedge against a potential energy-driven inflation shock.
