• TSX ends up 0.4% at 29,179.39
• Eclipses Tuesday's record closing high
• Energy gains 1.9% as oil settles up 1.7%
• Materials group adds 1.9%

TORONTO, Sept 10 (Reuters) - Canada's main stock index rose to another record high on Wednesday, as higher commodity prices boosted resource shares one day after the announcement of the second-largest M&A deal ever in the mining sector.

The S&P/TSX composite index (.GSPTSE) , opens new tab ended up 116.38 points, or 0.4%, at 29,179.39, eclipsing Tuesday's record closing high.

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"It's nice to see this rotation with a lot more excitement around the commodity space," said Greg Taylor, chief investment officer at PenderFund Capital Management. "Commodities are definitely acting well."

The price of U.S. oil settled 1.7% higher at $63.67 a barrel, boosting the energy sector (.SPTTEN) , opens new tab. It was up 1.9%, helped by a gain of 4.9% for Cenovus Energy (CVE.TO) , opens new tab.

Cenovus does not plan to raise its bid for oil sands producer MEG Energy (MEG.TO) , opens new tab despite a higher offer from Strathcona Resources (SCR.TO) , opens new tab, its CEO told Bloomberg News.

The materials group (.GSPTTMT) , opens new tab, which includes metal mining shares, added 1.6% as copper prices climbed and the price of gold held near a record high. Softer-than-expected U.S. inflation supported expectations the Federal Reserve will resume interest rate cuts at a policy decision next week.

The $53  billion planned merger between London-listed miner Anglo American (AAL.L) , opens new tab and Canada's Teck Resources (TECKb.TO) , opens new tab announced on Tuesday

"The pain trade is higher because a lot of people are bearish or in cash, and the market going up is making it more painful for people," Taylor said.

Heavily weighted financials added 0.4% but six of the 10 major sectors ended lower, including a decline of 0.6% for technology.

https://www.reuters.com/markets/europe/tsx-extends-record-setting-run-resource-shares-climb-2025-09-10/