The S&P/TSX Composite Index climbed about 0.2% to above the 26,580 mark on Wednesday, driven by firmer commodity prices, sturdy home-market metrics and progress in global trade talks.
A rally in crude oil underpinned energy producers such as Canadian Natural and Suncor, while heavyweight financials—RBC, TD Bank and Brookfield—each gained over 0.5%. Domestically, Canada Mortgage and Housing Corporation data showed May’s six-month trend in housing starts remaining at 243,407 units, and MLS-recorded home sales jumping 3.6% month-on-month, underscoring continued consumer and construction-sector resilience. Investors are additionally parsing the G7 outcome, where Prime Minister Mark Carney secured a commitment at the recent G7 summit to finalize a new US–Canada economic and invited non-G7 partners to broaden Canada’s export base. Meanwhile, flare-ups in the Israel-Iran conflict kept a measure of risk-off caution alive among investors.
