Toronto Stocks Reach Record High, U.S. Markets Also Climb

Canada's main stock index rose for the third consecutive session, driven by energy sector gains amid volatile crude oil prices.

Canada's TSX composite index closed up 27.34 points at 23,894.71, marking an all-time high for the third session in a row.
U.S. stock markets also posted gains, with the Dow Jones industrial average up 61.29 points at 42,124.65 and the S&P 500 index up 16.02 points at 5,718.57.
The energy sector, which comprises 17.5% of the TSX, advanced 0.4% following fluctuations in crude oil prices due to geopolitical tensions.
The Canadian dollar strengthened to 74.01 cents US from 73.72 cents US last Friday.
Market optimism has been bolstered by recent rate cuts from both the Federal Reserve and the Bank of Canada, with further cuts anticipated.