TSX Hits Record High on Hopes of US-Iran Deal

Canada's TSX composite index hit a record intraday high on Tuesday, driven by gains in communication and industrial shares.

The S&P/TSX Composite Index rose 0.2% to 36,538.09 points by 10:23 a.m. ET, building on momentum from last week's softer-than-expected US jobs data and stronger corporate earnings.

A report suggesting the United States and Iran were nearing an arrangement to end their six-month conflict lifted investor sentiment, with Pakistan's Defence Minister Khawaja Asif stating that recent signals pointed to a peace agreement being close.

The energy sector rose 0.3%, supported by elevated oil prices, despite Brent crude futures reversing earlier gains after reaching a one-week high.