The Globe and Mail reports in its Wednesday edition that Canada's main stock index rose on Tuesday, led by energy and consumer-related stocks, as investors welcomed recent signs of economic resilience and potential progress in U.S.-China trade talks. The unbylined item says the S&P/TSX Composite Index ended up 50.51 points at 26,426.31, stopping just short of the record closing high it posted on Friday. The S&P 500 also ended higher on Tuesday, lifted by a rally in Tesla, as investors bet on a resolution to the tariff dispute. "Markets are enjoying the moment," said Angelo Kourkafas at Edward Jones, adding that economies, particularly in the U.S., remain resilient, corporate profits are rising and global trade tensions are easing. Commerce Secretary Howard Lutnick said trade talks with Chinese officials were going well and he hoped they would end on Tuesday night, but said they could run into Wednesday. The Toronto Stock Exchange's energy sector rose 1.3 per cent even as the price of oil gave back some recent gains, settling lower at $64.98 (U.S.) a barrel. Cenovus is in the process of increasing production at its Christina Lake oil sands site in Alberta after shutting output due to wildfire risk in early June.
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