Reversing the losses from yesterday's session, Canadian stocks on Tuesday surged to a new intra-day record high as investors welcomed U.S. President Donald Trump's assurances on ongoing uninterrupted negotiations between the U.S. and Iran.
After opening just a little lower than yesterday's close, today the benchmark S&P/TSX Composite Index gained momentum early in the session to trade firmly positive to reach a new intra-day record high of 35,176.77 before settling a little lower at 35,169.46, up by 434.57 points (or 1.25%).
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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.