TSX Rises as Energy Gains Offset Mining Losses

The S&P/TSX Composite Index gained 0.2% to close at 35,273 on Tuesday, supported by the energy sector and strong trade data.

Canadian Natural rose 3.2%, Suncor added 3.2%, Imperial Oil gained 3%, and Cenovus advanced 3.5% as oil prices climbed after reports that the US would revoke the waiver allowing Iran to sell its oil following recent attacks on tankers in the Strait of Hormuz.

Financials traded mixed as investors awaited the minutes from the Fed's June meeting for clues on monetary policy.

RBC gained 0.5%, TD Bank rose 0.6%, and BMO added 1.2%, while Scotiabank and Brookfield lost 1%.

Meanwhile, lower gold prices weighed on miners, with Agnico Eagle and WPM falling 3.2% and Barrick dropping 3.5%.