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TSX hits record high as US-Iran deal hopes lift sentiment
['Ragini Mathur', 'Tue', 'August', 'At P.M. Gmt', 'Min Read']
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• The index was on track to extend its record closing streak, building on momentum from last week's softer-than-expected U.S. jobs data and stronger corporate earnings.
• Brent crude futures reversed earlier gains after touching a one-week high in the day.
Canada's energy sector nonetheless rose 0.3%, supported by still-elevated oil prices.
• Higher oil prices have supported the energy sector, which is up 40.8% this year.
• "In Canada, the industrial sector is ripe with opportunity because of some of the fiscal and industrial-policy initiatives underway," Madden said.