The S&P/TSX Composite rose 1.7% to close at 30,354 on Tuesday, rebounding from Friday’s sharp sell-off as miners, financials and tech led gains after a long weekend. The move reflected eased US–China trade tensions that had triggered the downturn and firmer Fed-cut pricing after Fed Chair Powell flagged weakening labour-market prospects, reinforcing bets on a rate cut later this month. Major miners Agnico Eagle, Wheaton Precious Metals, Barrick and Franco-Nevada surged between 2.1% and 4.5% as gold hit fresh record highs amid safe-haven demand. Financials also aided the advance with RBC (1.5%), TD (1.6%), Brookfield (5.6%), BMO (1.9%) and Scotiabank (1.4%) all outperforming. Initial optimism over US–China relations was tempered after both countries began imposing reciprocal port fees and China sanctioned five US subsidiaries of South Korea’s Hanwha Ocean, keeping the risk of renewed escalation alive.