The S&P/TSX Composite Index edged up to trade above 31,500 on Friday, supported by gains in energy and banking stocks. Most oil heavyweights advanced, with Imperial up 1.4%, Suncor 1.1%, and Cenovus 2%. Financials also contributed, led by Brookfield (+1.1%), BMO (+0.8%), and BNS (+0.5%). Mining shares lagged, with Agnico Eagle (-1.6%), Barrick (-1.1%), and Wheaton Precious Metals (-1.4%) under pressure. Capstone Copper fell 3.3% after saying a union representing about half of the workers at its Mantoverde copper and gold mine in Chile will begin a strike. In contrast, Cameco surged more than 7%, supported by strength in the uranium market. On the macro front, the S&P Global Canada Manufacturing PMI stood at 48.6 in December, little changed from 48.4 in November and marking an eleventh straight month below the 50.0 threshold.