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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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.