Canada’s S&P/TSX Composite Index climbed 1.2% on Thursday to a record closing high of 35,217, buoyed by improving global risk sentiment after reports of a conditional ceasefire between Israel and Lebanon. The news raised hopes for a broader agreement that could also involve Iran. Gains were led by healthcare, industrial, and financial stocks, while battery metals and telecommunications lagged. Among the standout performers were Royal Bank of Canada (+1.9%), Toronto-Dominion Bank (+1.2%), Agnico Eagle Mines (+2.9%), and Barrick Mining Corporation (+2.1%). On the downside, TransAlta Corporation and Transcontinental were the weakest names in the session, dropping 10.4% and 9.8%, respectively.