Oil spike lifts TSX to highs
An Iranian missile attack on Israel prompted a sharp rally in crude oil, which lifted the TSX by 45 points to a record close of 24,270. WTI itself jumped 3.75% to US$76 a barrel. TSX sectors were actually mixed, but sharp gains in energy as well as materials offset weakness in sectors such as real estate.
Key movers on Bay Street included CNQ up 2.71%, Orla Mining 9.38%, Stella-Jones -3.64% and Calibre Mining by 8.11%. TD pled guilty to allowing money laundering in its U.S. operations and was slapped with a US$3 billion penalty. The news sent shares plunging by 6.14%. Meanwhile, gold added US$22 to US$2,629.
It was a different story on Wall Street where the major indices faded. The S&P closed Thursday at -0.23%, the Dow -0.22% and the Nasdaq shed 11 points. Major movers: Crowdstrike 5.55%, Mosaic 4.43%, Nvidia 1.38% as the most-active name, AMD -4.15% and First Solar -9.2%. The U.S. 10-year yield held around 4.07% while Bitcoin declined nearly 1% to US$59,800.
🛢 Canadian Natural Rsrcs (CNQ-T) +2.71%
⛏ Orla Mining (OLA-T) +9.38%
🌲 Stella-Jones Inc. (SJ-T) -3.64%
⛏ Calibre Mining Corp. (CXB-X) +8.11%
🏛 Toronto Dominion (TD-T) -6.14%
💾 CrowdStrike Holdings (CRWD-Q) +5.55%
🌿 Mosaic Company (The) (MOS-N) +4.43%
💾 NVIDIA Corporation (NVDA-Q) +1.38%
💾 Advanced Micro Devices (AMD-Q) -4.15%
🧬 First Solar Inc. (FSLR-Q) -9.2%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1%