• TSX ends up 0.1% at 26,869.66
• Eclipses Monday's record closing high
• Energy rises 1.4% as oil settles 3.1% higher
• Materials group avances 1%

July 2 (Reuters) - Canada's main stock index edged up to a new record high on Wednesday, helped by gains for resource and consumer discretionary shares, as investors continued to look past global economic uncertainty and weighed prospects for Federal Reserve interest rate cuts.

The S&P/TSX composite index (.GSPTSE) , opens new tab ended up 12.55 points, or 0.1%, at 26,869.66, eclipsing the record closing high it posted on Monday, before the Canada Day holiday.

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"The market continues to climb the wall of worry," said Greg Taylor, CFA, chief investment officer at PenderFund Capital Management Ltd. "There is a lot of fear out there but I think that kept a lot of people out of the market."

U.S. private payrolls fell for the first time in more than two years in June as economic uncertainty hampered hiring, but low layoffs continued to anchor the labor market.

"The U.S. ADP number came in light and that's gotten more people excited that there might be more rate cuts coming sooner in the U.S.," Taylor said.

Wall Street also ended higher, helped by news of a trade agreement between the U.S. and Vietnam, while domestic data showed signs of trade uncertainty hurting the economy. The S&P Global Canada Manufacturing Purchasing Managers' Index edged down to 45.6 in June from 46.1 in May.

The energy sector rose 1.4% as the price of oil settled 3.1% higher $67.45 a barrel.

Gold also rose, which helped lift metal mining shares. The materials group was up 1%.

Consumer discretionary added 2.4%, helped by a gain of 7.8% for the shares of autoparts manufacturer Magna International Inc (MG.TO) , opens new tab.

Bombardier Inc (BBDb.TO) , opens new tab was another standout, with its shares jumping 21.4%. The company said on Monday it had secured an order for 50 Challenger and Global aircraft.

Consumer staples was a drag, falling 1.5% and technology ended 0.5% lower.

https://www.reuters.com/markets/europe/tsx-futures-edge-higher-investors-await-us-trade-updates-2025-07-02/