The S&P/TSX Composite Index rose 1% to close at a fresh record of 30,901 on Tuesday, extending Monday’s 1.5% surge as growing bets on a US December rate cut provided broad support. Railway operators Canadian Pacific and Canadian National led the advance, each up just over 2%, while financials including RBC, BMO, Scotiabank, Brookfield and Manulife gained between 1.1% and 2.1%. In corporate news Barrick Gold agreed to a 244 billion CFA francs settlement worth about $430 million to resolve disputes over the Loulo Gounkoto complex, and Cameco jumped 4.7% as Canada and India moved toward finalising a roughly $2.8 billion uranium export deal. These company level developments reinforced flows into cyclicals and resource names and helped underpin the market’s rally.