Markets grind higher to record closes
Markets continued to grind higher Thursday without a clear overriding catalyst to close at more record highs. The TSX rose 0.5% to 20,793, a new high as all the major sectors rallied, though energy in particular gushed 3.24%. It helped that WTI crude rallied over a dollar to nearly touch $70 per barrel while WCS jumped 2.68% to nearly $58.
Cenovus soared nearly 6% in heavy trading, CNQ 4.4% and Crescent Point 2.91%. Beyond oil, Organigram added 4.26% in the weed space and Cameco leapt 7.61%. In contast, Blackberry closed -4.27% and First Quantum Minerals -3.55%. The Canadian dollar ticked up 0.54% to bubble under $0.80 against the USD.
On Wall Street, the Nasdaq climbed 0.14% to a new high of 15,331 and the S&P advanced 0.28% to make its own record of 4,536. The Dow fared well, too, adding 0.37% and flirted with making a record close. All the major Dow components gained. Notable gainers included Exxon up 2.45%, Carnival at 2.13% and Kroger up 3.45%. Apple continued its run by increasing 0.75% to make another record close. However, the credit card companies lost ground as Visa closed -2.66% and American Express -1.61%. Gold held steady, but Bitcoin continued to rise, up 2.24% to top $49,000.
🛢 Cenovus Energy +6%
🛢 Canadian Natural Rsrcs +4.4%
🛢 Crescent Point Energy Corp +2.91%
🌿 OrganiGram Holdings Inc. +4.26%
🧱 Cameco Corporation +7.61%
📱 BlackBerry -4.27%
⛏ First Quantum Minerals -3.55%
🛢 Exxon Mobil +2.45%
🚢 Carnival Corp. +2.13%
🛒 Kroger Co. +3.45%
🍎 Apple +0.75%
💳 Visa Inc. -2.66%
🏛 American Express -1.61%
🅱 The Bitcoin Fund +2.24%