• Toronto Stock Exchange gains led by energy and financial sectors
• Utilities and technology stocks temper overall index gains
• Investors await larger catalysts for significant market movement

Nov 11 (Reuters) - Canada's main stock index closed slightly higher on Tuesday as relief over the end of the U.S. government shutdown gave way to caution, with investors signaling they need bigger catalysts to push the market higher.

The S&P/TSX composite index (.GSPTSE) , opens new tab closed 0.31% up at 30,409.25 points, led by index-heavyweight sectors such as energy, industrials and financials.

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However, losses in utility and technology stocks tempered the index's gains.

"America is the world's largest economy by far. Their government's been shut down for the longest period in the history of America. So when you bring that government back together... that's a real positive," said Robert Gill, portfolio manager at Fairbank Investment Management.

However, investors are waiting for some larger catalysts to move higher and not just chasing returns, he added.

Higher commodity prices and a potential end to the longest U.S. government shutdown had lifted the index on Monday.

The positive momentum continued as the U.S. Senate passed a bill late on Monday to end the shutdown that has weighed on the U.S. economy and stalled economic data.

The modest gains on the TSX were also aided by higher oil prices that lifted energy stocks and a general positive mood that pushed financial shares up.

The energy index (.SPTTEN) , opens new tab, which accounts for almost 13% of the main TSX index, ended up 1.56%.

Oil prices gained about $1 with Brent crude futures trading at $65.03 a barrel on Tuesday due to the impact of the latest U.S. sanctions on Russian oil and the optimism over a potential end to the U.S. government shutdown, although oversupply concerns limited gains.

The index of financial companies (.SPTTFS) , opens new tab, with over one-fourth share of the index weight, ended up 0.18% while real estate shares on average rose by 1.23%.

Gill from Fairbank said that potential good news from the G7 foreign ministers meeting in Canada, some breakthrough in the current geopolitical situation or the resumption of trade talks between Canada and the U.S. could be the likely triggers for the TSX.

The TSX has had a stellar year so far with the main index rising by almost 22% led by gold, energy and mining stocks, even though fears around overvaluation of technology stocks have started to resurface lately.

Utilities were down on the TSX on Tuesday with Brookfield Renewable Partners shares declining 5.64% after the electric utility announced a $650 million equity raise.

https://www.reuters.com/business/tsx-futures-flat-investors-seek-fresh-catalysts-2025-11-11/