TSX, gold and cannabis make highs
The TSX made a record close of 29,971 to start to week after rallying 0.71%. All but energy enjoyed gains, led by materials, staples, tech and especially healthcare. The Canadian exchange wasn’t the only thing getting high on Monday. Cannabis stocks rocketed after Trump posted about CDB benefiting seniors. Curaleaf soared 34.85%. Meanwhile, First Quantum Minerals rallied 8.38%, Hudbay Minerals 7.35%, ERO Copper 6.88%, though Cenovus sank 2.83%. Minerals shone because gold climbed US$73 to fresh highs of US$3,833.
Gains were more subdued in the U.S. after the S&P crept up 0.26%, the Nasdaq 0.48% and the Dow 0.15%. Major movers: Nvidia 2.05%, Intel -2.87%, Robinhood 12.27%, Williams-Sonoma -4.65% and Western Digital 9.23%. The U.S. 10-year yield hovered around 4.14% while Bitcoin slipped US$55 to US$114,265. Casting a shadow over Wall Street is a possible government shutdown this week.
🌿 Curaleaf Holdings Inc (CURA-T) +34.85%
⛏ First Quantum Minerals (FM-T) +8.38%
⛏ Hudbay Minerals (HBM-T) +7.35%
🥉 Ero Copper Corp (ERO-N) +6.88%
🛢 Cenovus Energy (CVE-T) -2.83%
💾 NVIDIA Corporation (NVDA-Q) +2.05%
💾 Intel (INTC-Q)-2.87%
💾 Robinhood (HOOD-Q) +12.27%
🛒 Williams-Sonoma Inc. (WSM-N) -4.65%
💾 Western Digital (WDC-Q) +9.23%
