S&P/TSX Composite hits record close as tech and financials rally

Canadian equities extended their recent rebound, with technology shares surging 5.1% to offset losses in the materials sector.

By Handelsavisen Newsroom · Automated 2026-07-28 20:23 UTC · 1 min read

The S&P/TSX Composite Index closed at a record high on Tuesday, finishing the session 0.5% higher at 35,749.70.

The benchmark eclipsed the record closing level set just one day earlier, signaling sustained buying interest in Canadian equities despite mixed performance across sectors.

5% on the day. Financial shares also contributed to the upside, helping to broaden the market's reach beyond the tech-heavy gains seen in previous sessions.

Technology shares were the primary engine of the rally, with the sector adding 5.1% to the index.

Celestica (CSU.TO) led the advance, climbing 9.5% on the day.

Financial shares also contributed to the upside, helping to broaden the market's reach beyond the tech-heavy gains seen in previous sessions.

The rally came at the expense of the materials group, which fell 1.6%.