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Spreadsheet
Wednesday morning, the Bank of Canada cut the key lending rate 25 basis points to 4.75%. The move was expected and the TSX saw an initial bump that faded, but closed on strength. The index gained 0.76% to return above 22,000 as all sectors rallied, led by materials, staples, industrials and tech.
Among the big movers were Celestica which rallied 7.05%, TC Energy up 3.24%, First Quantum Minerals 5.74%, Aritzia 4.44% and MTY Food Group by 4.21%. Meanwhile, gold climbed to US$2,353 and WTI added 1.15% to US$74.
Tech continued to steamroll ahead on Wall Street, in particular Nvidia, which rallied 5.16% to surpass US$3 trillion (and Apple) in market cap. Rival AMD rose 3.06%, HP popped 10.82%, Moderna 6.65% and Broadcom 5.6%. The S&P advanced 1.18% to make a record high at 5,354, as did the Nasdaq, popping nearly 2% to close at 17.187. The Dow climbed 0.25%. The U.S. 10-year yield continued to fade as it touched 4.281% and Bitcoin rose 1% to $71,200.
🧬 Celestica Inc (CLS-T) +7.05%
🛢 TC Energy (TRP-T) +3.24%
⛏ First Quantum Minerals (FM-T) +5.74%
👗 Aritzia Inc. (ATZ-T) +4.44%
🍝 MTY Food Group (MTY-T) +4.21%
💾 NVIDIA Corporation (NVDA-Q) +5.16%
💾 Advanced Micro Devices (AMD-Q) +3.06%
💻 Hewlett-Packard Co (HPQ-N) +10.82%
💉 Moderna (MRNA-Q) +6.65%
🧬 Broadcom (AVGO-Q) +5.6%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1%
