The S&P/TSX Composite rose 0.2% to close at a record high of 28,616 on Tuesday, outperforming global peers as the resource-heavy Toronto exchange drew support from higher crude and gold prices. Mining giants Agnico Eagle, Wheaton Precious Metals, Barrick, and Franco-Nevada advanced between 1.4% and 2.8% as gold reached fresh record highs, while energy producers Canadian Natural and Cenovus added 1.4% and 2.5%, respectively. By contrast, technology stocks weighed on the index, with Shopify falling 1.2% as investors pared growth exposures following renewed concerns over stretched valuations in AI-related software and hardware and used the momentum for profit-taking. Beyond tech, the broader pullback reflected caution ahead of key Canadian and US labor reports expected to guide monetary policy at the Bank of Canada and the Federal Reserve. Domestically, August’s manufacturing PMI rose to 48.3 from 46.1 in July but remained below the 50 mark for a seventh consecutive month.