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Tech leads Friday slide

The post-U.S. election rally was definitely over by Friday with all major indices on Wall Street selling sharply. Tech, which rallied the most after the vote, sank the most during the session and week. The Nasdaq closed the day -2.24% […]

TSX hits high, Wall Street slumps

The TSX traded above 25,000 for all of Thursday and ended the session with a new closing high. The Canadian index rose 0.22%, led by energy, but lagged by tech. Major movers: Atkins Realis Group leapt 15.67%, Paramount Resources 15.32%, […]

TSX hits high, Wall Street flat

As the post-election rally faded in the U.S., the TSX climbed 0.26% higher on Wednesday to make a new closing high. It was just shy of 25,000, led by outsized gains in tech stocks. Actually, only four of 11 sectors […]

Shopify leads TSX to 25,000, Wall St. fades

Shopify reported a blow-out quarter that helped lift the TSX to 25,000 Tuesday morning. The TSX closed below that mark, but still notched a 0.54% gain. Nearly all sectors lost ground as materials and energy led the laggards, though. Shopify […]

Markets both high and flat

The post-US election rally continued into the new week, though only partially. The Dow rose another 0.68% or 300 points to a new high of almost 44,300 while the TSX advanced 0.12% nearly its own new high. TSX sectors were […]
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Markets edge up post-Thanksgiving

Allan Tong Posted On November 27, 2020
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It was another day of light trading, as expected after American Thanksgiving, but tech names moved up Friday. The Nasdaq gained 0.92 before Wall Street closed at 1:00 pm. The Dow, S&P and TSX enjoyed more modest gains around a quarter-percent or less. Though the number of Covid cases continues to climb on both sides of the border, investors this week were encouraged by good news about Astrazeneca’s vaccine and by U.S. President-Elect Joe Biden naming former, dovish Fed Chair Janet Yellen to his cabinet. Another driver was the hope of a stimulus deal, especially now that Biden is fully transitioning to power. The Nasdaq gained 3% for the week, proving the tech trade is not yet dead.

A big driver continues to be e-cars as Blink Charging soared 10.76%. Elsewhere, cannabis continues to surge as Aphria popped 10.27%.

In Toronto, cannabis continued its hot streak with Aurora, Medipharm and Organigram being the TSX’s top three gainers, posting big gains between 11-18%. The recovery endured as Cineplex rose another 9.17%. However, gold lost some of its lustre as Barrick closed -2.64%, and the price of the shiny rock tumbled below US$1,800/ounce. Meanwhile, the price of WCS bounded ahead 4% as many oil stock saw gains of 1-3%, such as Vermilion at 2.9%. Energy and tech were the strongest sectors in Toronto, while real estate and materials lost some ground. Overall, the TSX enjoyed a healthy week, staying above 17,000 and gaining 2.2%.

🚗 Blink Charging Co. +10.76%
🌿 Aphria Inc +10.27%
🌿 Aurora Cannabis +17.94%
🌿 Medipharm Labs Corp +13.21%
🌿 Organigram Holdings +11.11%
🎞 Cineplex Inc +9.17%
🥇 Barrick Gold -2.64%
🛢 Vermilion Energy Inc +2.90%




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