TSX Composite Index Closes at Record as Energy, Financials Lead

The S&P/TSX Composite Index closed at a new all-time high on June 2, 2026, as gains in energy and financial shares propelled the benchmark upward. The index advanced 0.7 percent, breaching its previous peak set in late May, and has risen 7.2 percent year-to-date. Energy stocks surged alongside a 2.1 percent jump in West Texas Intermediate crude prices, with the S&P/TSX Capped Energy Index gaining 2.3 percent. Major producers Canadian Natural Resources and Suncor Energy saw shares rise more than 2 percent each. Financials also contributed to the rally, with the sector index adding 1.1 percent as investors priced in a potential Bank of Canada rate cut later in the summer. Royal Bank of Canada and Toronto-Dominion Bank both posted gains above 1 percent. The broad advance saw advancers outpace decliners by a 4-to-1 margin on the Toronto Stock Exchange, with eight of 11 major sectors finishing in positive territory.