Mixed, muted day on markets
On Remembrance/Veterans Day Thursday, markets were mixed and muted on both sides of the border. The TSX narrowly missed making a new close on thin volumes, but still finished up 0.56%. Materials and tech stocks did the heavy lifting as the telcos showed modest weakness.
Big gainers were Lundin Mining up 3.78%, Kinross Gold popping 6%, Baytex up 3.95 and Hexo surging 11.17%. Losing ground were Bombardier which closed -3.5% and Pollard Banknote at -18.78%. By the closing bell, WTI crude slipped 0.14% right below $80 per barrel, while WCS edged up 0.45% to approach $61.
Wall Street saw mixed action as the tech-heavy Nasdaq surged 0.52%, though the S&P was flat and the Dow slid 0.44%. The U.S. 10-year yield came in at 1.57% as Bitcoin lost 2.3% to trade around $64,700. The Dow components were a jumble of green and red. Walgreens climbed 2%, but Visa slipped 2.38% and Honeywell 2.06%. In consumer names, Disney was hammered for 7%. Tech rebounded after losses earlier this week in reaction to inflation numbers. AMD jumped 4.39% and Baidu advanced 3.53%. Affirm Holdings soared 13.7% while Avis Budget Group roared by 6.43%. However, Beyond Meat fizzled by 13.28% and Bumble tanked by 19.25%. Lastly, gold continued to shine as it inched up to $1,862 an ounce.
⛏ Lundin Mining Corp. (LUN-T) +3.78%
🥇 Kinross Gold (K-T) +6%
🛢 Baytex Energy Corp (BTE-T) +3.95%
🌿 Hexo Corp (HEXO-T) +11.17%
🚂 Bombardier Inc (B) (BBD.B-T) -3.5%
🏛 Pollard Banknote Ltd (PBL-T) -18.78%
🅱 Bitcoin Cash (CRYPTO:BCH) -2.3%
💊 Walgreen Boots Alliance (WBA-Q) +2%
💳 Visa Inc. (V-N) -2.38%
🏗 Honeywell International (HON-N) -2.06%
👸 Walt Disney Co. (DIS-N) -7%
💾 Advanced Micro Devices (AMD-Q) +4.39%
🈲 Baidu.com (BIDU-Q) +3.53%
🧬 Affirm Holdings (AFRM-Q) +13.7%
🚗 Avis Budget Group (CAR-Q) +6.43%
🥩 Beyond Meat Inc. (BYND-Q) -13.28%
💑 Bumble (BMBL-Q) -19.25%