TSX and oil keep rising

The TSX closed on another record high Tuesday after gaining 18 points to 36,476. Eight sectors lifted the Canadian market, led by dividend-paying utilities and telcos while tech lagged the most. Continuing uncertainty over the U.S.-Iran war and the closed Strait of Hormuz pushed WTI 1.6% higher to US$83.45 and Whitecap Resources by 1.31%. Meanwhile, Cargojet soared 8.59% after reporting, Open Text sank 3.25%, Kinaxis slid 2.79% while Sprott rallied 5.94%. Gold slipped US$22 to US$4,368 while silver gave back 1.65% to US$64.50.

Tech also weighed on the American market which saw another negative day: the S&P -0.32%, the Nasdaq -0.64% and the Dow -0.34%. Major movers included AppLovin -5.99%, Ventas -5.43%, Alphabet -3.84%, KKR 6.85% and Apollo Asset Management 6.26%. While the market awaits Wednesday’s CPI report, the U.S. 10-year yield edged below 4.7%. Meanwhile, Bitcoin declined US$530 to US$63,575. 

🛢 Whitecap Resources (WCP.TO) +1.31%

🛫 Cargojet Inc (CJT.TO) +8.59%

💾 Open Text (OTEX.TO) -3.25%

💾 Kinaxis Inc (KXS.TO) -2.79%

🏛 Sprott Inc. (SII.TO) +5.94%

💾 AppLovin Corporation (APP) -5.99%

🏛 Ventas Inc (VTR) -5.43%

🧮 Alphabet Inc (GOOG) -3.84%

🏛 KKR & Co. LP (KKR) +6.85%

🏛 Apollo Global Management (APO) +6.26%