<div id="readability-page-1">04:20 PM EDT, 05/21/2026 (MT Newswires) -- The resources-heavy Toronto Stock Exchange on Thursday rose to within 140 points of its record close, with commodities center stage as RBC said surging gold prices and inroads to foreign markets cushion Canada's exports from U.S. tariff pressures, while Scotiabank looked for the 'sweet spot price' on oil as the Iran war continues.The S&amp;P/TSX Composite Index closed up 247.67 points, or 0.7%, at 34,409.49, adding to the near 420 points gained yesterday when it recovered much of the 500 points lost over the two sessions leading in to that. The record close of 34,541.27 was set on March 2.Most sectors were higher, led by Base Metals (boosted by gold) and the Battery Metals index, both up by more than 2%.Energy did slip about 0.1% as West Texas Intermediate crude oil fell for a third day Thursday as the United States awaits Iran's response to it latest peace proposal, though reports said the Persian Gulf country will not agree to U.S. demands to end its nuclear program. WTI crude oil for July delivery closed down US$1.91 to settle at US$96.35 per barrel, while July Brent oil was down US$1.54 to US$103.48.Gold had edged higher by midafternoon Thursday, moving up from early losses as the dollar and yields moderated despite an uncertain outlook for a peace deal between Iran and the United States. Gold for June delivery was up US$7.70 to US$4,543.00 per ounce after earlier touching US$4,488.30.RBC published a note saying diversifying exports outside of the United States has emerged as a critical offset to tariff pressures for Canada with higher gold exports exaggerating gains from foreign markets.Among highlights, RBC noted Canadian exports fared better than expected last year, declining by just 0.8% year over year on a nominal basis, with a rise in exports to non-U.S. markets, particularly the U.K., emerged as a counterbalance to weaker U.S. exports due to tariffs.RBC said the caveat is that the non-U.S. export gains did not come primarily from diversifying exports in highly tariffed sectors. The increase had more to do with a price surge in gold exports, and the new TMX oil pipeline increasing export capacity outside of North America, it added.Meanwhile, Olivier Gervais, Director, Modelling and Forecasting at Scotiabank, published 'The Sweet Spot Price: When Do Oil Prices No Longer Benefit the Canadian Economy?'As a net oil exporter, Canada typically benefits from higher oil prices, but is there a point when the gains diminish or disappear?, asked Gervais in a note dated May 21.Scotiabank results confirm that higher oil prices remain a net positive for activity at current levels, but the macro payoff diminishes as prices rise, Gervais said, adding Scotiabank finds evidence that once oil prices move into the US$120-US$130 range, in 2026 dollars, they no longer provide a statistically meaningful boost to Canadian activity.But these estimates should be interpreted with caution, Gervais said. &#34;Rather than a precise tipping point, this range is better viewed as an indicative zone where the positive relationship becomes markedly less clear,&#34; he added. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

中金黃金

紫金礦業

多倫多證券交易所的 S&P/TSX 綜合指數上漲 247.67 點，達到 34,409.49，接近其歷史最高點。黃金價格飆升，幫助加拿大在美國關税壓力下增加出口。加拿大皇家銀行指出，出口多樣化變得至關重要，而加拿大豐業銀行則討論了高油價對加拿大經濟的益處正在減弱，建議的臨界點在每桶 120-130 美元左右。總體而言，大多數行業上漲，基礎金屬和電池金屬領漲

TSX Closer: The Index Rises Again, Closes in on Its Record High

fidelity

Kinross Gold

紐蒙特礦業

阿尼科伊格爾礦業

山東黃金

2 倍做多金礦指數 ETF - Direxion

實物黃金股 ETF - ETFS

黃金勘探商 ETF - GlobalX

易方達黃金礦業ETF

2 倍做多小型金礦指數 ETF - Direxion

易方達黃金礦-U

SPDR 金 ETF

金礦小盤股 ETF - VanEck Vectors

全球黃金礦業股 MSCI ETF - iShares

白銀礦業股 ETF - GlobalX

2 倍做多黃金 ETF - ProShares

黃金 ETF - iShares

YieldMax Gold Miners Opt Inc Strgy ETF

易方達黃金礦-R

黃金礦 ETF - Sprott

3 倍做多黃金礦業 ETN - MicroSectors

初級黃金礦股 ETF

黃金 MiniShares 信託 - SPDR

金礦股 ETF - VanEck Vectors

黃金和貴金屬礦商 ETF - U.S. Global

Roundhill Gold Miners Weeklypay ETF

加拿大皇家銀行

Bank of Nova Scottia

TSX 收盤：指數再次上漲，接近其歷史最高點