The S&P/TSX Composite rose 0.5% to close at 27,540 on Tuesday, driven by a tech-led rally and renewed strength across commodities. Celestica paced the market with a 16.9% surge after upgrading its outlook, while oil climbed to a five-week high—spurred by a US–EU energy-buying pledge and heightened Russia–Ukraine sanctions risks—lifting Canadian Natural, Imperial Oil and Cenovus by over 1% each. Gold producers also rallied once bullion steadied from a three-week trough, with Agnico Eagle and Wheaton Precious adding 2.3% and 2.1%, respectively. An extension of the US–China tariff truce, coupled with stronger-than-expected US consumer-confidence data, reinforced bets that the Federal Reserve will maintain its “steady but watchful” stance at Wednesday’s meeting. At the same time, Sunday’s US–EU framework agreement - which sets a 15% baseline tariff - continued to soothe tariff-war fears and support Canada’s export-exposed sectors ahead of this week’s Bank of Canada rate decision.