After opening slightly down, the Canadian market climbed higher on Tuesday and the benchmark S&P/TSX Composite Index hit a new all-time high, lifted by strong gains in energy, financials and materials sectors.
Despite continued uncertainty about the situation in the Middle East, the mood in the market remained fairly positive. Iran is reviewing a US-backed proposal aimed at ending the conflict between the two countries, with diplomatic efforts continuing amid a prolonged deadlock, according to Iranian news agency Mehr.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.