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    Real estate and financials lead TSX

    Allan Tong Posted On May 29, 2023
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    It was a quiet start to the trading week on Bay Street, though all sectors except for consumer staples and discretionary gained to lift the TSX 0.35% higher, though fell short of regaining 20,000. The big banks, which sold off last week on disappointing reports and forecasts, bounced back on Monday.

    Canadian Western Bank soared 5.52% while TD added 1.1%. The most-traded stocks were Manulife up 0.51% and Suncor by 1.24%. Energy enjoyed gains as AltaGas added 3.72%. WTI crude climbed by 0.5% to $73 a barrel.

    Though Wall Street was closed for Memorial Day, there was no shortage of market news down there. Washington finally agreed to a deal with end the debt ceiling, though both parties need to sign it. That said, S&P future rose by a modest 0.3% upon the news. In the world of AI, Nvidia announced a fresh batch of AI products, mere days after delivering a blockbuster quarter.

    🏛 Canadian Western Bank (CWB-T) +5.52%
    🏛 Toronto Dominion (TD) (TD-T) +1.1%
    🏛 Manulife Financial (MFC-T) +0.51%
    ⚡ Suncor Energy Inc (SU-T) +1.24%
    🛢 Altagas Ltd (ALA-T) +3.72%

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