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The TSX made another record high on Monday, closing up 0.87% to 22,009. Natural resources continued to surge, including uranium which helped propel Cameco by 6.75%. Other big movers were Lithium Americas up 8.12%, Vermilion Energy at 7.46%, Meg Energy by 6.82% and Tourmaline Oil surging 5.18%.
Laggards were West Fraser Timber at -7.11%, Well Health Technologies -5.51% and Interfor -4.37%. Despite new records on Bay Street, the Canadian dollar was still hovering below $0.80 against the USD. However, WTI crude jumped 7.5% to $112.50 and WCS rallied over 8.5% to above $99.
In contrast, American markets had a weaker session, especially after the U.S. Fed issued notice that it would raise rates by 0.5% if necessary. Stocks that had been showing gains turned negative, but recovered some ground by the close: the S&P flat at -0.04%, the Nasdaq -0.4% and the Dow -0.58%. Major movers were Diamondback Energy up 6.41%, Northrop Grunman by 4.36% and Pioneer Natural Resources at 4.72%. Losers were Domino’s Pizza at -3.76%, Home Depot -3.34%, Whirlpool -4.07% and Boeing -3.59% after a crash in China of yet another 737. Unsurprisingly, the U.S. 10-year yield inched up to 2.299% while Bitcoin slipped 0.37% to $41,100.
⛏ Cameco Corporation (CCO-T) +6.75%
🥈 Lithium Americas Corp (LAC-T) +8.12%
🛢 Vermilion Energy Inc (VET-T) +7.46%
🛢 MEG Energy Corp (MEG-T) +6.82%
🛢 Tourmaline Oil Corp (TOU-T) +5.18%
🌲 West Fraser Timber (WFG-T) -7.11%
👨⚕️ WELL Health Technologies (WELL-T) -5.51%
🌲 Interfor Corp (IFP-T) -4.37%
💎 Diamondback Energy (FANG-Q) +6.41%
💣 Northrop Grumman (NOC-N) +4.36%
🛢 Pioneer Natural Resources (PXD-N) +4.72%
🍕 Domino’s Pizza, Inc. (DPZ-N) -3.76%
🛠 Home Depot (HD-N) -3.34%
🧬 Whirlpool Corp (WHR-N) -4.07%
✈ Boeing (BA-N) -3.59%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.37%
