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Updated · Bloomberg · Jun 2S&P/TSX Tops 35,000 for First Time as Energy, Financials and AI Stocks Rally
3 articles · Updated · Bloomberg · Jun 2
- The Canadian benchmark climbed as much as 1% on Tuesday, hitting an intraday record of 35,081.06 and breaking above 35,000 for the first time.
- Energy and financial shares drove the move as the rally broadened beyond a narrow set of winners, with nuclear-related names also advancing.
- Celestica contributed the most points to the index, lifted by a renewed burst of optimism around the artificial-intelligence trade.
- The record underscores how sector rotation into cyclicals and AI-linked stocks is extending gains in Canadian equities.
Energy and AI are fueling market highs, but which sector's rally is built on a more fragile foundation? With Canada's market at a record high, why are experts warning of a summer correction and reducing exposure? How can the stock market reach record highs amid rising stagflation risks fueled by geopolitical conflict?