The S&P/TSX Composite Index rose 0.3% to close at 34,850 on Thursday, supported by gains in the financial and mining sectors. Although oil prices edged higher after a cargo ship was struck by an unidentified projectile off the Omani coast, they remained near pre-conflict lows, easing inflation concerns and supporting financial stocks and the broader index. TD Bank rose 0.9%, RBC gained 0.4%, and BMO added 0.9%. Gold prices also edged higher, supporting mining shares, with Agnico Eagle rising 1.7%. Meanwhile, a renewed wave of volatility in technology stocks on Wall Street weighed on Canadian tech shares. Shopify fell 2.6%, Constellation Software lost 3.6%, and Celestica shed 0.7%. Investors also assessed the latest minutes from the Bank of Canada, which showed policymakers agreed to keep monetary policy flexible in response to potential new US trade restrictions and changes in energy prices.