Materials lift TSX on quiet day
With U.S. markets closed for Memorial Day, the unofficial start of summer, trading on Bay Street was light. The TSX traded at only a third of regular volumes, but still gained 0.27% to stay within striking range of all-time highs. Most sectors rose, led by minerals, followed by industrials and discretionary. Only four sectors showed weakness, particular staples.
Notable movers were Osisko Mining up 4.75%, Baytex 1.48%, Pan American Silver 4.14%, B2gold 4% and Quebecor at -1.58%. The price of gold inched up to US$2,350 while WTI crude advanced 1% to US $78.50. Bay Street is looking forward to bank earnings this week, and Wall Street will reopen tomorrow.
⛏ Osisko Mining (OSK-T) +4.75%
🛢 Baytex Energy Corp (BTE-T) +1.48%
🥈 Pan American Silver (PAAS-T) +4.14%
🥇 B2Gold Corp. (BTO-T) +4%
🖨 Quebecor Inc (B) (QBR.B-T) -1.58%