Mild gains, Charlie Munger dies

Allan Tong Posted On November 28, 2023

Tuesday began with the Bank of Scotia kicking off earnings season for Canadian banks. BNS‘ quarter disappointed as loan-loss provisions were heavier than expected, and its shares tumbled 4.45%. Financials and staples were the worst performers in Toronto, but gains in materials and energy helped push the TSX into the positive by 14 points.

Other key movers were Suncor up 1.32%, CNQ 1.94%, Barrick 4.97% and Interfor -4.46%. WTI crude sank another 2% to trade at $76.40.

Wall Street also saw modest gains. The S&P added three points, the Nasdaq 0.21%, and the Dow 0.27%. Notable names were Tesla up 4.4%, GE Healthcare Technology at -4.22%, Disney -2.82%, PayPal 3.87% and Newmont up 6.57%. The U.S. 10-year yield declined to 4.33% as Bitcoin rose 2.5% to $38,100. At the close, news hit that investing legend, Charlie Munger, passed away at age 99. He was Warren Buffett’s long-time partner at Berkshire Hathaway.

🏛 Bank of Nova Scotia (BNS-T) -4.45%

🛢 Suncor Energy Inc (SU-T) +1.32%

🛢 Canadian Natural Rsrcs (CNQ-T) +1.94%

🥇 Barrick Gold (ABX-T) +4.97%

🌲 Interfor Corp (IFP-T) -4.46%

🚗 Tesla Inc (TSLA-Q) +4.4%

👨‍⚕️ GE HealthCare (GEHC-Q) -4.22%

👸 Walt Disney Co. (DIS-N) -2.82%

💳 PayPal Holdings Inc. (PYPL-Q) +3.87%

🥇 Newmont Goldcorp (NGT-T) +6.57%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.5%