• TSX ends up 0.5% at 31,660.73
• Eclipses Wednesday's record closing high
• Materials group rises 3.1% as gold prices jump
• TerraVest Industries surges 22.3% after quarterly results

TORONTO, Dec 11 (Reuters) - Canada's main stock index rose on Thursday to another record high as metal prices increased and investors cheered upbeat domestic economic data.

The S&P/TSX Composite Index (.GSPTSE) , opens new tab ended up 169.88 points, or 0.5%, at 31,660.73, surpassing its record closing high on Wednesday.

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"Incremental data that's been coming in for the Canadian economy recently has been quite positive, and that's helping this leg of the rally," said Elvis Picardo, a senior portfolio manager at Luft Financial, iA Private Wealth. "It shows that despite all the doom and gloom about the impact of tariffs the economy is weathering the storm quite nicely."

Canada posted a monthly international trade surplus in September, reversing a trend of seven consecutive months of deficits. On Wednesday, Bank of Canada Governor Tiff Macklem said the economy was proving resilient overall to the effect of U.S. trade measures, as the central bank left its benchmark interest rate on hold at 2.25%.

The TSX is also "benefiting from the perception that it's a diversified play, and if I look at year-to-date performance, it's spread across the four big groups that make up much of the index, unlike in the U.S., where the advance seems to be much more concentrated in tech," Picardo said.

Financials, energy, technology and materials, which account for 77% of the TSX's market capitalization, have all notched gains since the start of 2025.

The materials group (.GSPTTMT) , opens new tab rose 3.1% on Thursday, and has nearly doubled on a year-to-date basis, as gold and copper prices climbed.

Industrials (.GSPTTIN) , opens new tab added 0.5% and financials (.SPTTFS) , opens new tab ended 0.4% higher.

Shares of TerraVest Industries Inc (TVK.TO) , opens new tab jumped 22.3% after the home heating products company reported fourth-quarter results.

Still, the energy sector ended 0.7% lower as the price of oil settled down 1.5% at $57.60 a barrel.

Technology stocks (.SPTTTK) , opens new tab also were a drag, falling 1%, after Oracle's (ORCL.N) , opens new tab quarterly results and forecast disappointed investors and revived concerns about an AI bubble.

Shares of Empire Company (EMPa.TO) , opens new tab dropped 9.2% after the company reported a decline in second-quarter earnings per share compared to the previous year.

https://www.reuters.com/business/tsx-futures-edge-down-tech-jitters-weigh-2025-12-11/