TSX climbs despite employment number
Canada gained more jobs in March than expected, inspiring speculation about higher interest rates to come, but the TSX still gained 0.16% on Thursday and 1.1% for the shortened week. Most sectors rose, led by real estate and consumer staples, while energy saw modest losses. All in all, it was a quiet session heading into the long Easter weekend.
Key movers on Bay Street were Cenovus at -2.99%, Teck Resources 4.29%, Tilray 7.01%, The North West Company up 5.36% and Canfor -5.81%. WTI declined 0.17% but remained around $80.50.
After a weak morning, Wall Street indices climbed and finished higher: the S&P 0.36% to top 4,100, the Nasdaq 0.76% to return to 12,000, and the Dow added two points and was flat. All indices rose for the week with Dow gaining 1.77%, the Nasdaq 0.479% and the S&P in the middle. Tech led the rally with Microsoft jumping 2.55%, Meta 2.18% and Alphabet (A class) 3.78%. However, Ulta Beauty slipped 2.41%. Bitcoin lost a little ground but stayed above $28,000 while the U.S. 10-year yield hovered around 3.305%
🛢 Cenovus Energy (CVE-T) -2.99%
⛏ Teck Resources Ltd. (B) (TECK.B-T) +4.29%
🌿 Tilray Inc. (TLRY-Q) +7.01%
🌲 North West Company (NWC-T) +5.36%
🌲 Canfor Pulp Products (CFX-T) -5.81%
Ⓜ Microsoft Corp (MSFT-Q) +2.55%
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) +2.18%
🧮 Alphabet Inc (GOOG-Q) +3.78%
🛍 Ulta Salon Cosmetics and Fragrance Inc. (ULTA-Q) -2.41%
