The S&P/TSX Composite Index climbed 0.8% to close at a record high of 26,389 on Monday, kicking off June strong as rising gold and oil prices lifted the resource-heavy Toronto exchange. Leading the gains were major mining stocks Agnico Eagle, Wheaton Precious, Barrick Gold, and Franco-Nevada, all surging over 5% amid renewed Middle East tensions and tariff threats that drove safe-haven demand for gold. Energy producers also advanced as oil prices jumped following OPEC+'s decision to implement only modest supply increases for July. Meanwhile, financials held steady ahead of Wednesday’s BoC rate decision, with markets leaning toward a hold as April’s inflation data painted a mixed picture, headline CPI slowed to 1.7%, while core inflation accelerated to 2.9%. Although President Trump’s plan to double steel and aluminum tariffs to 50% on Wednesday has introduced some uncertainty, Canada’s diversified trade relationships beyond the US have helped shield the broader market.