The S&P/TSX Composite Index surged 1.4% to close at 32,383 on Wednesday as optimism for a diplomatic resolution in the Middle East fueled a broad rally across Canadian equities. Financials remained a primary driver with TD Bank and Bank of Nova Scotia gaining 1.3% and 1% respectively while Royal Bank and Bank of Montreal added 0.6% and 0.9% as falling bond yields supported credit outlooks. Gold miners saw substantial gains with Agnico Eagle jumping 5.2% and Kinross rising 4.3% amid firm bullion prices and a softer US dollar. Technology sentiment was bolstered by Shopify advancing 2.4% while Dollarama added 2% following its recent upgrade. In a notable reversal from earlier sessions energy producers traded in the green despite the daily drop in oil prices with Suncor Energy rising 1.3% and Imperial Oil gaining 1.4%. This resilience helped the benchmark offset declines in the telecommunications sector where BCE and Telus fell around 1%.