The S&P/TSX Composite surged nearly 2% to above the 27,500 on Tuesday, as investors returned from the Civic Holiday to embrace rising odds of a September US Fed rate cut and rising commodity prices. A sharply lower US payrolls figure of just 73,000 last week pushed Fed-cut expectations to nearly 94%, fueling gains in rate-sensitive tech, with Shopify soaring over 5%. Miners also rallied as gold prices climbed, lifting Agnico Eagle, Wheaton Precious Metals, and Barrick Gold more than 4% each. On the macro front, Canada’s trade deficit widened modestly to C$5.9 billion in June, roughly in line with expectations and reflecting gains in energy and food exports despite ongoing weakness in autos and metals.