TSX hits another high as Wall St. fades

Canadian stocks returned to business after Victoria Day to post a new high. Minerals largely pushed the TSX 0.32% higher to 26,055. Staples also helped while tech lagged the most.

Major movers were New Gold, jumping 8.56%, B2Gold 8.5%, Equinox Gold 7.67%, Shopify – 4.44% and Tourmaline Oil 3.06%. The shiny rock itself rose US$61 to US$3,291. Meanwhile, WTI slipped 0.2% to US$62.55. Canadian inflation sank from 2.3% in March to 1.7%, largely helped by the end of the carbon tax and slumping oil prices. The street had expected 1.6% for April.

Across the border, however, markets faded on Tuesday: the S&P -0.39%, the Nasdaq -0.38% and the Dow -0.27%. The dollar stores jumped with Dollar Tree surging 4.63% and Dollar General 4.09%. Elsewhere, Moderna rallied 6.06%, Fair Isaac tumbled 8.11% and Super Micro Computer slid 4.81%. The U.S. 10-year yield continued to hover around 4.483% though Bitcoin gained 1.2% to US$106,750.

🥇 New Gold Inc. (NGD-T) +8.56%

🥇 B2Gold Corp. (BTO-T) +8.5%

🥇 Equinox Gold (EQX-T) +7.67%

🛍 Shopify Inc. (SHOP-T) -4.44%

🛢 Tourmaline Oil Corp (TOU-T) +3.06%

🌳 Dollar Tree (DLTR-Q) +4.63%

🛒 Dollar General Corp. (DG-N) +4.09%

💉 Moderna (MRNA-Q) +6.06%

💾 Fair Isaac Corp. (FICO-N) -8.11%

💾 Super Micro Computer (SMCI-Q) -4.81%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.2%