The S&P TSX Composite Index struggled for clear direction near the 33,020 mark on Thursday, consolidating the week’s roughly 1.3% advance that saw repeated breaks to record highs, supported by strength in energy and tech. Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus gained between 0.6% and 1.6% as crude prices rebounded, reversing part of the prior session’s decline as markets reassessed global supply risks amid lower odds of direct military conflict between Iran and the US. Technology stocks also pushed higher, buoyed by strong results from TSMC that reinforced demand expectations across the AI and broader computing supply chain. The trade outlook improved as well after talks between Prime Minister Carney and a Chinese delegation signaled potential tariff relief for electric vehicles and canola following earlier trade frictions with the US. Those gains were capped by weakness in copper miners, with Teck Resources, First Quantum, and Ivanhoe losing more than 2% each.