Markets climb to a positive close
The trading week began on a sluggish note as markets mildly sold off in the morning, but rose throughout the day to post gains for Monday. In the back of everyone’s minds are Trumps next wave of tariffs, due to hit trading partners on April 2. The TSX outperformed most of its American peers by gaining 0.7% or 172 points. Except for slight weakness in tech, all the sectors rose, led by staples, discretionary and energy.
Major movers: Restaurant Brands International jumped 3.81%, Torex Gold 3.78%, North West Company 3.54%, K92 Mining 3.5% and Empire 3.47%. Gold continued its record run by climbing another US$38 to US$3,123, while WTI leapt 2.85% to US$71.35.
In New York, the Nasdaq slipped 0.14%, but the S&P advanced 0.55% and the Dow 1%. Key names included Warner Bros. Discovery rallying 3.47%, Live Nation 4.44%, Moderna -8.9%, Lululemon -3.41% and Discover Financial 7.54%. The U.S. 10-year yield slipped to 4.2139%, but Bitcoin edged slipped by -0.23% to US$82,720.
🍱 Restaurant Brands International (QSR-T) +3.81%
🥇 Torex Gold Resources (TXG-T) +3.78%
🛍 North West Company (NWC-T) +3.54%
⛏ K92 Mining Inc (KNT-T) +3.5%
🛒 Empire Company (A) (EMP.A-T) +3.47%
📺 Warner Bros. Discovery (WBD-Q) +3.47%
🎞 Live Nation Entertainment Inc. (LYV-N) +4.44%
🛍 LuLulemon Athletica (US) (LULU-Q) -3.41%
🏛 Discover Financial Services LLC (DFS-N) +7.54%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.23%
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