• TSX ends up 0.2% at 32,058.73
• Eclipses Monday's record closing high
• October GDP declines 0.3%
• Energy rises 0.6% as oil settles higher

Dec 23 (Reuters) - Canada's main stock index rose to another record high on Tuesday as resource shares notched gains, with investors taking in stride domestic data that pointed to a slowdown this quarter for the economy.

The S&P/TSX Composite Index (.GSPTSE) , opens new tab ended up 58.63 points, or 0.2%, at 32,058.73, its fourth straight day of gains and eclipsing Monday's record closing high.

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Since the start of the year, the index has advanced 29.65%, led by financial and metal mining shares, putting it on track for its biggest gain since 2009.

Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November.

"Trade-related uncertainty continues to weigh on export-oriented sectors, but conditions appear to be stabilizing rather than collapsing," Abbey Xu, an economist at Royal Bank of Canada, said in a note.

Fourth-quarter GDP is tracking at around 0.5% annualized growth following a 2.6% jump in the third quarter, Xu added.

The energy sector (.SPTTEN) , opens new tab rose 0.6% as the price of oil settled 0.6% higher at $58.38 a barrel. Investors assessed stronger-than-expected U.S. economic growth and the risk of disruptions to oil supply from Venezuela and Russia.

The materials group (.GSPTTMT) , opens new tab, which includes the shares of fertilizer and metal mining companies, was up 0.3% as the price of gold advanced 1% to another all-time high.

Technology (.SPTTTK) , opens new tab was a drag, dipping 0.4%, and consumer discretionary (.GSPTTCD) , opens new tab ended 0.9% lower.

https://www.reuters.com/business/tsx-futures-rise-precious-metals-extend-rally-2025-12-23/